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http://bura.brunel.ac.uk/handle/2438/21412| Title: | Post-crisis Excess Liquidity and Bank Lending |
| Authors: | Macchiarelli, C |
| Keywords: | banking;banking policy;credit policy;euro area;European Central Bank;loan;monetary policy;money-market liquidity |
| Issue Date: | 24-Sep-2018 |
| Publisher: | European Union |
| Citation: | In: Abundant liquidity and banks’ lending activity: an assessment of the risks. Monetary dialogue September 2018 : in-depth analysis |
| Series/Report no.: | European Union. Directorate-General for Internal Policies. Policy Department for Economic, Scientific and Quality of Life Policies;PE 626.066 |
| Abstract: | With the Asset Purchase Program, the European Central Bank has supplied significant amounts of liquidity into the financial system starting from 2015, resulting yet into a new upswing in excess liquidity. The expanded asset purchase programme (APP) program broadly coincided with further cuts in the ECB’s deposit facility rate, which currently stands at -0.4%. Against this background, this note assesses the ECB policy of negative rate on the deposit facility and discusses the associated risks in the context of an excess liquidity overhang for the euro area, including risk-appetite for banks. |
| Description: | This document was requested by the European Parliament's Committee on Economic and Monetary Affairs. |
| Gov't Doc #: | PE 626.066 |
| URI: | https://www.europarl.europa.eu/cmsdata/153221/LSE_FINAL.pdf https://op.europa.eu/en/publication-detail/-/publication/76274ecf-c84b-11e8-9424-01aa75ed71a1/language-en/format-PDF/source-143686676 http://bura.brunel.ac.uk/handle/2438/21412 |
| ISBN: | 978-92-846-3833-8 978-92-846-3832-1 |
| Appears in Collections: | Dept of Economics and Finance Research Papers |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| FullText.pdf | 701.36 kB | Adobe PDF | View/Open |
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