What Does It Take? Quantifying Cross-Country Transfers in the Eurozone
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下载链接：
https://www.nber.org/papers/w34311
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资源简介：
We compute the cross-country transfers that result from unconventional monetary policy in the Eurozone. The ECB funds the expansion of its aggregate balance sheet mostly by issuing bank reserves and cash in core countries. The national central banks (NCBs) in periphery countries then borrow from the
提供机构：
美国国家经济研究局
创建时间：
2025-10-01
