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The Impacts of the COVID-19 Outbreak on the Euro Area's Sovereign Bond Market

The COVID-19 shock infected the euro areaโ€™s financial markets, causing races for liquidity and sell-offs of even safe assets, including sovereign bonds. The European Central Bank stepped in decisively to avert further damage by implementing sound monetary policies, demonstrating the importance of being prepared before a new crisis unfolds.
United States New York Andreas Schrimpf Vassiliosg Papavassiliou Dora Xia Hyun Song Shin

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