Excess Liquidity and Bank Lending Risks in the Euro Area
Studija
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.
Studija
Vanjski autor
Zsolt DARVAS, David PICHLER
Informacije o dokumentu
Vrsta publikacije
Područje politike
Ključna riječ
- bankovna unija EU-a
- europodručje
- EUROPSKA UNIJA
- FINANCIJE
- financijska ustanova
- financijski rizik
- financijsko zakonodavstvo
- građansko pravo
- izrada pravnih propisa EU-a
- kontrola likvidnosti
- kreditne i financijske institucije
- menadžment
- monetarna ekonomija
- monetarna politika
- monetarni odnosi
- platežna sposobnost
- POSLOVANJE I KONKURENCIJA
- PRAVO
- pravo EU-a
- PROIZVODNJA, TEHNOLOGIJA I ISTRAŽIVANJE
- slobodno kretanje kapitala
- središnja banka
- tehnička norma
- tehnologija i tehnički propisi
- upravljanje rizicima