Working Paper: QE in a quasi-preferred habitat: The case of the Danish pension sector and the ECB asset purchase programme
Working Paper - January 2021 - No. 167
The reaction of Danish pension companies to ECB’s asset purchase programme is analysed using a novel, in-house data set. The pension companies sold euro bonds and bought Danish bonds in the first months following the introduction of the ECB purchase programme in 2015. After a short while, the pension companies returned as buyers of euro bonds.