CANCELLED: 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 th
Member of the Board
Deputy Governor, Banque de France
Guntram B. Wolff
Director and CEO, German Council on Foreign Relations
Governor, Central Bank of Ireland,
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.
- Even though we are going ahead with our event, please take note that the event will be livestreamed on the webpage of the event (linked above), and you can watch it safely from your office or home. Unless you plan to actively participate in the discussion, we would kindly appreciate if you opted for watching the livestream, to avoid big crowds.
- Please also do not attend this event if in the last 14 days you have been to China or Northern Italy areas classified by the Italian authorities as a so-called red area/"area rossa": Bertonico; Casalpusterlengo; Castelgerundo; Castiglione d'Adda; Codogno; Fombio; Maleo; San Fiorano; Somaglia; Terranova dei passerine; Vò, or other risk areas.
- During the event: Do not shake hands with other participants. Wash your hands frequently. When coughing and sneezing, cover mouth and nose. Avoid close contact with anyone showing symptoms of a respiratory illness.