Flow and Stock Effects of Large Scale Treasury Purchases is popular PDF and ePub book, written by Stefania D'Amico in 2011-02, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Flow and Stock Effects of Large Scale Treasury Purchases can be Read Online from any device for your convenience.
Flow and Stock Effects of Large Scale Treasury Purchases Book PDF Summary
This is a print on demand edition of a hard to find publication. Using a panel of daily CUSIP-level data, the authors study the effects of the Federal Reserve¿s program to purchase $300 billion of U.S. Treasury coupon securities announced and implemented during 2009. The authors find that each purchase operation, on average, caused a decline in yields in the sector purchased of 3.5 basis points on the days when these purchases occurred (the ¿flow effect¿ of the program). In addition, the program as a whole resulted in a persistent downward shift in the yield curve of as much as 50 basis points (the ¿stock effect¿), with the largest impact in the 10- to 15-year sector. The coefficient patterns generally support a view of segmentation or imperfect substitution within the Treasury market. Charts and tables.
Detail Book of Flow and Stock Effects of Large Scale Treasury Purchases PDF
- Author : Stefania D'Amico
- Release : 01 February 2011
- Publisher : DIANE Publishing
- ISBN : 9781437941647
- Genre : Business & Economics
- Total Page : 40 pages
- Language : English
- PDF File Size : 20,5 Mb
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