000826153 000__ 03129cam\a2200529Ii\4500 000826153 001__ 826153 000826153 005__ 20230306144347.0 000826153 006__ m\\\\\o\\d\\\\\\\\ 000826153 007__ cr\cn\nnnunnun 000826153 008__ 180206t20182018gw\\\\\\ob\\\\000\0\eng\d 000826153 019__ $$a1022080533 000826153 020__ $$a9783658209759$$q(electronic book) 000826153 020__ $$a3658209755$$q(electronic book) 000826153 020__ $$z9783658209742 000826153 020__ $$z3658209747 000826153 035__ $$aSP(OCoLC)on1021882149 000826153 035__ $$aSP(OCoLC)1021882149$$z(OCoLC)1022080533 000826153 040__ $$aN$T$$beng$$erda$$epn$$cN$T$$dEBLCP$$dN$T$$dYDX$$dOCLCF$$dUAB$$dSNK$$dMERER$$dCOO$$dOCLCQ 000826153 043__ $$ae------ 000826153 049__ $$aISEA 000826153 050_4 $$aHG5429 000826153 050_4 $$aHD28-70HD1361-HD1395 000826153 08204 $$a332.63/2044/094$$223 000826153 1001_ $$aMarkmann, Holger,$$eauthor. 000826153 24510 $$aCovered bonds under unconventional monetary policy /$$cHolger Markmann ; with a foreword by Professor Dr. Nico B. Rottke and Professor Jan Mutl. 000826153 264_1 $$aWiesbaden, Germany :$$bSpringer Gabler,$$c[2018] 000826153 264_4 $$c©2018 000826153 300__ $$a1 online resource. 000826153 336__ $$atext$$btxt$$2rdacontent 000826153 337__ $$acomputer$$bc$$2rdamedia 000826153 338__ $$aonline resource$$bcr$$2rdacarrier 000826153 4901_ $$aEssays in real estate research ;$$vBand 14 000826153 504__ $$aIncludes bibliographical references. 000826153 506__ $$aAccess limited to authorized users. 000826153 5208_ $$aHolger Markmann studies covered bonds and their market behaviour upon the announcement and implementation of outright covered bond purchases by the eurosystem. After introducing the covered bond market, its reaction to the global financial crisis, and the functionality of unconventional monetary policy to a broad audience, the author analyzes the impact of these purchases. The first Covered Bond Purchase Programme (CBPP1) has lowered covered bond spreads by 3-4 basis points in the short-term, 10 basis points in the medium-term, and increased emission volumes by e 103 billion. CBPP2 and CBPP3 have not led to similar effects. However, the programs' effectiveness relies on the market's expectations and its prevalent health.About the Author Holger Markmann is PostDoc at the Real Estate Management Institute (REMI) of EBS Universität für Wirtschaft und Recht and Managing Director of a real estate investment firm. His research focuses on real estate capital market financing, bank funding, and unconventional monetary policy. Prior to his current roles, he worked for a bulge bracket investment bank, advising financial institutions on their M&A- and capital market activities. 000826153 588__ $$aVendor-supplied metadata. 000826153 650_0 $$aCovered bonds$$xLaw and legislation$$zEurope. 000826153 650_0 $$aCovered bonds$$zEurope. 000826153 650_0 $$aMonetary policy$$zEurope. 000826153 7001_ $$aRottke, Nico B.,$$ewriter of foreword. 000826153 7001_ $$aMutl, Jan,$$ewriter of foreword. 000826153 77608 $$iPrint version: $$z3658209747$$z9783658209742$$w(OCoLC)1020024611 000826153 830_0 $$aEssays in real estate research ;$$vBd. 14. 000826153 852__ $$bebk 000826153 85640 $$3SpringerLink$$uhttps://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1007/978-3-658-20975-9$$zOnline Access$$91397441.1 000826153 909CO $$ooai:library.usi.edu:826153$$pGLOBAL_SET 000826153 980__ $$aEBOOK 000826153 980__ $$aBIB 000826153 982__ $$aEbook 000826153 983__ $$aOnline 000826153 994__ $$a92$$bISE