
Covered Bonds under Unconventional Monetary Policy
Kurzinformation



inkl. MwSt. Versandinformationen
Artikel zZt. nicht lieferbar
Artikel zZt. nicht lieferbar

Beschreibung
Holger Markmann studies covered bonds and their market behaviour upon the announcement and implementation of outright covered bond purchases by the eurosystem. After introducing the covered bond market, its reaction to the global financial crisis, and the functionality of unconventional monetary policy to a broad audience, the author analyzes the impact of these purchases. The first Covered Bond Purchase Programme (CBPP1) has lowered covered bond spreads by 3-4 basis points in the short-term, 10 basis points in the medium-term, and increased emission volumes by EUR 103 billion. CBPP2 and CBPP3 have not led to similar effects. However, the programs' effectiveness relies on the market's expectations and its prevalent health.About the Author Holger Markmann is PostDoc at the Real Estate Management Institute (REMI) of EBS Universität für Wirtschaft und Recht and Managing Director of a real estate investment firm. His research focuses on real estate capital market financing, bank funding, and unconventional monetary policy. Prior to his current roles, he worked for a bulge bracket investment bank, advising financial institutions on their M&A- and capital market activities. von Markmann, Holger
Produktdetails

So garantieren wir Dir zu jeder Zeit Premiumqualität.
Über den Autor
Holger Markmann is PostDoc at the Real Estate Management Institute (REMI) of EBS Universität für Wirtschaft und Recht and Managing Director of a real estate investment firm. His research focuses on real estate capital market financing, bank funding, and unconventional monetary policy. Prior to his current roles, he worked for a bulge bracket investment bank, advising financial institutions on their M&A- and capital market activities.
- Hardcover
- 316 Seiten
- Erschienen 2003
- Wiley
- Hardcover
- 464 Seiten
- Erschienen 2024
- Wiley
- paperback
- 888 Seiten
- Erschienen 1971
- Princeton University Press
- paperback
- 162 Seiten
- Erschienen 2009
- Deutsche Bundesbank
- perfect
- 252 Seiten
- Erschienen 2022
- Deutsche Bundesbank
- hardcover
- 752 Seiten
- Erschienen 2005
- Cambridge University Press
- Hardcover
- 200 Seiten
- Erschienen 2022
- Polity
- Hardcover
- 300 Seiten
- Erschienen 2011
- Polity Press