Excess Liquidity and Bank Lending Risks in the Euro Area
Studju
14-09-2018
Low interest rates and excess liquidity in the euro area, which exceeded €1,900 billion in September 2018, might create financial stability risks. We clarify the notion of excess liquidity and highlight that its current level is primarily the result of European Central Bank asset purchases. Overall, we conclude that financial stability risks in the euro area are low, but increased home bias and housing prices necessitate full attention from macroprudential authorities. Monetary policy tools are anyway ill-suited to fostering financial stability objectives. This document was provided by Policy Department A at the request of the Economic and Monetary Affairs Committee.
Studju
Awtur estern
Zsolt DARVAS, David PICHLER
Dwar dan id-dokument
Tip ta’ pubblikazzjoni
Kelma għat-tiftix
- bank ċentrali
- DRITT
- dritt tal-Unjoni Ewropea
- dritt ċivili
- ekonomija monetarja
- FINANZI
- IMPRIŻA U KOMPETIZZJONI
- istituzzjoni finanzjarja
- istituzzjonijiet finanzjarji u kreditu
- kontroll tal-likwidità
- leġiżlazzjoni finanzjarja
- maniġment
- moviment liberu tal-kapital
- politika monetarja
- PRODUZZJONI, TEKNOLOĠIJA U RIĊERKA
- relazzjonijiet monetarji
- riskju finanzjarju
- solvenza finanzjarja
- standard tekniku
- teknoloġija u regolamenti tekniċi
- tfassil tal-liġi tal-UE
- unjoni bankarja tal-UE
- UNJONI EWROPEA
- ġestjoni tar-riskju
- żona tal-euro