Excess Liquidity and Bank Lending Risks in the Euro Area
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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.
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Externe auteur
Zsolt DARVAS, David PICHLER
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Publicatietype
Beleidsterrein
Zoekterm
- administratief beheer
- burgerlijk recht
- centrale bank
- EU-bankenunie
- EUROPESE UNIE
- eurozone
- financieel risico
- financiële instelling
- financiële instellingen en krediet
- financiële solvabiliteit
- financiële voorschriften
- FINANCIËN
- liquiditeitscontrole
- monetair beleid
- monetaire betrekkingen
- monetaire economie
- ONDERNEMING EN CONCURRENTIE
- PRODUCTIE, TECHNOLOGIE EN ONDERZOEK
- RECHT
- Recht van de Europese Unie
- risicobeheer
- technische norm
- technologie en technische voorschriften
- uitwerking van EU-wetgeving
- vrij verkeer van kapitaal