Upcoming Event

Mar
31
12:30

How adequate is the European toolbox to deal with financial stability risks in a low rate environment?

Bruegel is delighted to welcome the governor of the Central Bank of Ireland, Gabriel Makhlouf. He will deliver a keynote address about how adequate the European toolbox is to tackle financial stability risks in a low rate environment. Following his speech, a panel of experts will further discuss the topic.

March 31, 2020, 12:30 pm Bruegel, Rue de la Charité 33, 1210 Brussels Public | On the Record Livestreamed Topic: European Macroeconomics & Governance

Policy rates have been near (or even below) zero for almost a decade, while long term interest rates have been overall on a decreasing trend for several decades and have even been flirting with zero in some European countries for the last 5 years. Moreover, markets now expect rates to be at a low level for the foreseeable future.

This event will discuss the implications of a ‘low for long’ world on financial stability, as well as the adequacy of the European toolbox and institutional setup (in which responsibilities are scattered across several authorities: ECB, ESRB, national macro-prudential authorities, etc.) to deal with financial stability risks in this low rate environment.

Registration for this event is not yet open. 

Schedule

Mar 31, 2020

12:30-13:00

Check-in and lunch

13:00-13:20

Presentation

Gabriel Makhlouf, Governor, Central Bank of Ireland

13:20-14:10

Discussion

Chair: Guntram B. Wolff, Director, Bruegel

Agnès Bénassy-Quéré, Non-Resident fellow

Gabriel Makhlouf, Governor, Central Bank of Ireland

14:10-14:30

Q&A

14:30

End

Speakers

Gabriel Makhlouf

Governor, Central Bank of Ireland

Guntram B. Wolff

Director, Bruegel

Agnès Bénassy-Quéré

Non-Resident fellow

Location & Contact

Bruegel, Rue de la Charité 33, 1210 Brussels

Matilda Sevón

[email protected] +32 2 227 4212

Read article More on this topic More by this author

Blog Post

What is fuelling the Dutch house price boom?

Housing prices have been rising fast in the West of the Netherlands in the last five years. However, mortgages outstanding have remained flat, raising the question of what has driven the increase. Evidence suggests that housing supply constraints have, this time around, played a role in pushing the house prices up.

By: Sybrand Brekelmans Topic: European Macroeconomics & Governance Date: February 19, 2020
Read about event More on this topic

Past Event

Past Event

What next for the financial services industry? A conversation with Philippe Donnet, Group CEO of Generali

At this event the Group CEO of Generali, Philippe Donnet, will discuss the latest developments in the financial services industry with Guntram Wolff, Director of Bruegel. 

Speakers: Philippe Donnet and Guntram B. Wolff Topic: Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: February 18, 2020
Read article More on this topic

Blog Post

Recent euro-area house price increases are dissimilar to earlier housing booms

Current housing markets relative to those pre-crisis seem to be far less driven by mortgage credit, and the size of the construction sector has not increased. This is possibly good news for financial stability because an eventual house price correction would transmit less into mortgage defaults and corrections in economic activity.

By: Zsolt Darvas, Marta Domínguez-Jiménez and Guntram B. Wolff Topic: Finance & Financial Regulation Date: February 17, 2020
Read about event More on this topic

Upcoming Event

Mar
18
12:30

The new age of old age? Laying out the Non-Financial Defined Contribution scheme

Are Non-Financial Defined Contribution (NDC) schemes the best approach to reforming pension systems?

Speakers: Robert Holzmann and Guntram B. Wolff Topic: European Macroeconomics & Governance Location: Bruegel, Rue de la Charité 33, 1210 Brussels
Read article Download PDF

Policy Contribution

European Parliament

From climate change to cyber attacks: Incipient financial-stability risks for the euro area

The European Central Bank’s November 2019 Financial Stability Review highlighted the risks to growth in an environment of global uncertainty. On the whole, the ECB report is comprehensive and covers the main risks to euro-area financial stability, we highlight issues that deserve more attention.

By: Zsolt Darvas, Marta Domínguez-Jiménez and Guntram B. Wolff Topic: European Macroeconomics & Governance, European Parliament, Finance & Financial Regulation, Testimonies Date: February 6, 2020
Read about event More on this topic

Past Event

Past Event

Take a chance on me: Sweden considers the Banking Union

This event will discuss if Sweden should join the European banking union and the general state of the union.

Speakers: Fredrik Bystedt, Elena Carletti, Maria Demertzis and Pawel Gąsiorowski Topic: Finance & Financial Regulation Location: Bruegel, Rue de la Charité 33, 1210 Brussels Date: January 29, 2020
Read article More on this topic

Blog Post

Libra as a currency board: are the risks too great?

The Libra Association claims it will be analogous to a currency board regime, but they have overlooked the problems of monetary management that come with it

By: Julia Anderson and Francesco Papadia Topic: Innovation & Competition Policy Date: January 27, 2020
Read article

Blog Post

Incorporating political risks into debt sustainability analysis

DSA applies to crisis countries only, but an early warning system identifying vulnerabilities is relevant for all countries. A more general, less stringent, debt vulnerabilities analysis (DVA) could be used to assess countries’ debt management policies and identify vulnerabilities, without leading immediately to policy consequences. A more general framework could also incorporate political risks that are significant determinants of debt dynamics

By: Andrea Consiglio and Stavros Zenios Topic: European Macroeconomics & Governance, Global Economics & Governance Date: January 22, 2020
Read article More on this topic

Opinion

Stability remains key to China

The most concerning aspect for the Chinese economy will still be to hold up domestic demand. The rapidly rising household debt will put further breaks of the households' ability to purchase durable goods

By: Alicia García-Herrero and Jianwei Xu Topic: Global Economics & Governance Date: January 15, 2020
Read article Download PDF

Policy Contribution

European Parliament

The next generation of digital currencies: in search of stability

Recent developments have re-opened the debate on the future of money. This Policy Contribution discusses two aspects: the implications of the rise of global private stablecoins, such as Facebook's Libra, and the role that public central bank digital currencies could play.

By: Grégory Claeys and Maria Demertzis Topic: European Parliament, Finance & Financial Regulation, Testimonies Date: December 2, 2019
Read article More on this topic

Blog Post

A Major Step Toward Combating Money Laundering in Europe

Combating money laundering in Europe took a momentous step with finance ministers of France, Germany, Italy, Latvia, the Netherlands, and Spain putting forward a joint proposal.

By: Nicolas Véron and Joshua Kirschenbaum Topic: Finance & Financial Regulation Date: November 25, 2019
Read article More by this author

Blog Post

Bank regulation in the European Union neighbourhood: limits of the ‘Brussels effect’

The EU model of financial market regulation is increasingly copied by third countries. In this context, the EU’s efforts to promote its model beyond its borders should take into account the underdevelopment of financial markets in many partner countries, and the often insufficient capacity of regulators and supervisors.

By: Alexander Lehmann Topic: European Macroeconomics & Governance, Finance & Financial Regulation Date: November 20, 2019
Load more posts