Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/163515
Authors: 
Berdin, Elia
Grossman, Richard S.
Gründl, Helmut
Herold, Wolfgang
Lambert, Frederic
Forrest, Bruce McLean
Molyneux, Philip
Moser, Claude
Nugée, John
Lake, Colt Spenser
Waterstraat, Silke
Wilson, Dylan
Wirth, Martin
Year of Publication: 
2015
Series/Report no.: 
SUERF Studies 2015/2
Abstract: 
The present SUERF Study includes a selection of papers based on the authors’ contributions to the Vienna conference, jointly organized by SUERF, the OeNB and the Austrian Society for Bank Research. In reply to the financial crisis, the Great Recession and sovereign debt crisis, many central banks have pursued ultra-easy and far reaching unconventional monetary policies for several years. Yields on various bond classes – including euro area sovereign bond yields since the sovereign debt crisis has subsided – have reached extremely low levels. Prices on stocks and real assets have soared. In several countries, markets have been expecting a reversal of the interest rate cycle for some time now. As a result, the risk of – possibly substantial – price corrections in all these asset classes may be seen to have increased.
JEL: 
E43
E44
E52
E58
G11
G12
G18
G21
G22
G23
G28
ISBN: 
978-3-902109-77-4
Document Type: 
Proceedings

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