Impact of ECB monetary policy on 10-year government bond yield spread in Germany and Italy 2007-2020
| dc.contributor | Aalto University | en |
| dc.contributor | Aalto-yliopisto | fi |
| dc.contributor.advisor | Ilmakunnas, Pekka | |
| dc.contributor.author | Kiuru, Matias | |
| dc.contributor.department | Taloustieteen laitos | fi |
| dc.contributor.school | Kauppakorkeakoulu | fi |
| dc.contributor.school | School of Business | en |
| dc.date.accessioned | 2023-01-22T17:07:03Z | |
| dc.date.available | 2023-01-22T17:07:03Z | |
| dc.date.issued | 2022 | |
| dc.description.abstract | Thesis aims to summarize the impact of ECB ́s monetary policy on 10-year Government Bond yield spread between Germany and Italy. Fundamentally, it explains and summarizes the most important determinants behind 10-year government bond yield spread, which have been widely noticed in the previous literature. Goal of this study is to gather up most known theories and literature together in order to explain yield spread regimes during 2007-2020. One of the objectives is also to compare previous studies regarding to role of coefficients used in Econometrical yield spread estimation. Firstly, this thesis summarizes development of monetary policy during 2007 – 2020 and evaluates 10-year Government Bond yield theory on later sections. As implementation of ECB ́s unconventional tools have been able to reduce the spread, I will show specifically that the role of liquidity risk remains still debatable in academic previous literature. | en |
| dc.format.extent | 48 + 9 | |
| dc.identifier.uri | https://aaltodoc.aalto.fi/handle/123456789/119079 | |
| dc.identifier.urn | URN:NBN:fi:aalto-202301221433 | |
| dc.language.iso | en | en |
| dc.location | P1 I | fi |
| dc.programme | Economics | en |
| dc.subject.keyword | ECB | en |
| dc.subject.keyword | monetary policy | en |
| dc.subject.keyword | sovereign risk | en |
| dc.subject.keyword | liquidity risk | en |
| dc.subject.keyword | government bond | en |
| dc.subject.keyword | yield spread | en |
| dc.title | Impact of ECB monetary policy on 10-year government bond yield spread in Germany and Italy 2007-2020 | en |
| dc.type | G2 Pro gradu, diplomityö | fi |
| dc.type.ontasot | Master's thesis | en |
| dc.type.ontasot | Maisterin opinnäyte | fi |
| local.aalto.electroniconly | yes | |
| local.aalto.openaccess | no |