Prof. Dr. Sylvester Eijffinger President Tilburg University Society

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Presentation transcript:

Prof. Dr. Sylvester Eijffinger President Tilburg University Society Risk and Liquidity in the Euro Area within the Global Economy Prof. Dr. Sylvester Eijffinger President Tilburg University Society Lecture at the National Bank of the Republic of Macedonia Skopje, October 24-28, 2016

Balance sheet of the Fed (Assets side) Source: Federal Reserve System.

Balance sheet of Bank of Japan (Assets side) Source: Bank of Japan.

Balance sheet of European Central Bank (Assets side) Source: European Central Bank.

Balance sheet of European Central Bank (Assets side) Source: European Central Bank.

Interest rates in United States Source: Federal Reserve System.

Interest rates in Japan Source: Bank of Japan.

Interest rates in Euro Zone Source: European Central Bank.

Government Bonds with Negative Yields 2014-2016 Source: BlackRock.