欧洲央行-中央银行、债务管理公司和外滩回购市场的特殊性(英)-2026
聚焦欧洲央行-中央银行、债务管理公司和外滩回购市场的特殊性(英)-2026。The first key finding is that central bank bond purchases have a much stronger effect on repo market conditions than debt-management purchases. When the Eurosystem buys German government bonds, repo rates for those bonds fall significantly, reflecting increased scarcity.