Which Firms Benefit from Corporate QE during the COVID-19 Crisis? The Case of the ECB's Pandemic Emergency Purchase Program
Using an event study methodology, this paper examines how European firms have been affected by the announcement of the European Central Bank's Pandemic Emergency Purchase Program (PEPP). Firms with an investment grade rating benefit relatively...
| Main Authors: | , , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/593271599061682497/Which-Firms-Benefit-from-Corporate-QE-during-the-COVID-19-Crisis-The-Case-of-the-ECBs-Pandemic-Emergency-Purchase-Program http://hdl.handle.net/10986/34426 |