Author :
Publisher :
ISBN 13 :
Total Pages : 126 pages
Book Rating : 4.:/5 (125 download)
Book Synopsis Lower for Longer – Macroprudential Policy Issues Arising from the Low Interest Rate Environment by :
Download or read book Lower for Longer – Macroprudential Policy Issues Arising from the Low Interest Rate Environment written by and published by . This book was released on 2021 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Given the prolonged environment of low (and even negative) interest rates accompanied by ongoing structural changes in the EU financial system, at the end of 2019 the European Systemic Risk Board (ESRB) General Board mandated the joint ASC/ATC/FSC Task Force on Low Interest Rates to do as follows. This report therefore analyses the risks engendered by the low interest rate environment (LIRE) and related structural changes in the EU financial system and proposes macroprudential policy actions to mitigate them. While acknowledging country heterogeneity, the focus is mainly on the EU financial system as a whole and on interest rates in the EU. The time horizon for the analysis is medium term: five to ten years ahead. Although we discuss both real and nominal interest rates and the relationship between them, our focus when considering risk-taking is primarily on nominal rates. With stable, low inflation, nominal and real rates move in parallel."--Abstract.