Events at the international level have renewed the resolve of companies around the globe to implement high-quality corporate governance practices and accounting and disclosure standards, and for auditors to employ rigorous and sound auditing techniques.
This swap influences asset prices because the central bank eliminates duration risk from the private market. Suggestive evidence on this channel in action in the euro area was described in Altavilla and co-authors (2016). The ECB researchers analysed the intraday development of government bond prices during the January 2015 press conference, when the details of the programme were announced.