The crisis in the euro area

Slides:



Advertisements
Similar presentations
Annual Growth Survey macroeconomic report Brussels, 6 February 2013 Kees van Duin Policy Coordination and Strategic planning Directorate General for Economic.
Advertisements

LJUBLJANA, JUNE 19, 2013 IMPACT OF THE CRISIS ON THE CREDIT MARKET IN SLOVENIA.
The ECB's contribution to the OECD-IMF Conference on quarterly sector accounts Reimund Mink European Central Bank Joint Meeting of the OECD Working Parties.
FIBI FIRST INTERNATIONAL BANK OF ISRAEL O verview
International Atlantic Economic Society
Exhibit 3.2 The United States Current Account, 1998–2002 (billions of US$)
Financial stability report 2007:1 24 May CHAPTER 1 Financial markets.
Financial Stability Report 2007:2 4 December 2007.
Monetary policy of the ECB in crisis times
Chapter 15. Money Supply Process
The Financial Crisis – Looking Back and the Way Forward Gertrude Tumpel-Gugerell Member of the Executive Board of the ECB Brussels, 22 January 2009.
CHAPTER TWENTY International Banking Service Options The purpose of this chapter is to learn what services international banks offer their customers and.
1 Securitisation and the Euro Area Accounts The institutional sector framework to financing Andreas Hertkorn, ECB DG-Statistics European Central Bank WPFS.
Prof. Stephen Cheung Dean, School of Business Hong Kong Baptist University The role of Hong Kong in the rise of London and other RMB offshore centres.
Copyright © 2002 by The McGraw-Hill Companies, Inc. All rights reserved.
Finance THE BANKING SYSTEM. Finance Lecture outline  The types and functions of banking  Central banking  Commercial and investment.
© 2016 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license.
Chapter 1.
4. Money market International financial services 1
Chapter 33 Interest Rates and Monetary Policy McGraw-Hill/Irwin
© 2012 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license.
Going against the trend? European integration for retail payments Wiebe Ruttenberg Joint ECB-MNB Conference, Budapest, November 2012 ECB-CONFIDENTIAL.
1 MARKET WATCH TOTAL NET ASSETS OF FUNDS DOMICILED IN FINLAND.
Balance of Payments : When American citizens and firms exchange goods and services with foreign consumers and firms, payments are sent back and forth through.
Chapter 17 Money, Banking, and Financial Markets: The Central Bank Balance Sheet and the Tools of Monetary Policy ©2010 McGraw-Hill Ryerson Ltd. Tim Berry,
FIMA Research Center, University of Hawai'i 1 Regional Bond Markets: Rationale, Concerns and Roadmap S. Ghon Rhee University of Hawai ‘ i PECC Finance.
Planning and development of integrated economic statistics in Europe The case of euro area financial statistics Werner Bier European Central Bank Berne,
1 Implementation of FVC defintion specific cases NL WPFS Workshop on Securitisation May 2010 Banco de España - Madrid Eric Klaaijsen De Nederlandsche.
Economic Policies Adopted by the European Central Bank Day 3 Group 4 MinhPhuong, Yu-Hin, ChingHung, Powen.
Inflation Report May Money and asset prices.
Stone Container Corporation (A) -- The Decision
Monetary Policy of the European Central Bank and Its Consequences Mateusz Benedyk.
Financial Intermediaries Act as the go-between for borrowers and lenders Take deposits from households and business and make loans to other households.
RESTARTING EUROPEAN LONG-TERM INVESTMENT FINANCE Andrea Polo (UPF, Barcelona GSE) CEPR Financial Regulation Initiative London, 30 September 2015.
THE MONEY MULTIPLIER The money multiplier shows us the impact of a change in demand deposits on loans and eventually the money supply. The money multiplier.
The Euro Area Crisis: Origins, Prospects and Implications for the World Economy and Global Governance Domenico Lombardi UNLV, April 3, 2013.
Could European Regulation Backfire? Georges Ugeux April 8, 2015.
Chapter 5 – Central Banks BA 441 – Financial Markets and Institutions.
Inflation Report May Money and asset prices.
The current financial and economic crisis: Statistical initiatives of the E(S)CB Daniela Schackis European Central Bank – DG Statistics OECD Short-Term.
Global Economic Watch International Finance April 25, 2010.
Chapter 16 Interest Rates and Monetary Policy McGraw-Hill/Irwin
1888 PressRelease - Mason Baxter: ECB to come up with new strategies to tackle existing.
GROWTH AND CRISIS IN THE European Policy Response: The Euro
The Federal Reserve System
Lecture 14. EUROPEAN POLICY RESPONSE:
Issues Regarding Implications for EMU-Integration of Europe‘s Policy Response to the Fiscal Crisis Prof. Dr. Wagner.
TURKISH BOND MARKET.
Could European Regulation Backfire?
The Federal Reserve System
Korea’s compilation method for securitization
EPP Group CRIS Committee
Working Party on Financial Statistics
Monetary policy in the early months of 2015
CHAPTER TWENTY International Banking Service Options
MANAGING THE FINANCIAL CRISIS
Financial Market Theory
CHAPTER NINE The Investment Function in Banking and Financial Services Management
The euro area sovereign debt crisis and its
Observed differences between quarterly and annual financial accounts data, comparing total financial assets and liabilities Item 5 Eurostat Task Force.
Chairman of the STEP Market Committee
Mutual Fund Market Watch
Financial Institutions and Markets
Mutual Fund Market Watch
Mutual Fund Market Watch
Financial Market Theory
TABLE 15.1 Exchange Rates. TABLE 15.1 Exchange Rates.
Mutual Fund Market Watch
Mutual Fund Market Watch
MUTUAL FUND MARKET WATCH
Presentation transcript:

The crisis in the euro area Trevor Evans

Source: ECB, Measuring Financial Integration in Europe, Occasional Paper Series, No. 14, April 2004

Trade balances, 2000-2009 (€ billion) Source: Eurostat

10-year government bond yields (%)

ECB Securities Market Programme

ECB lending to banks, millions of euros

Euro area banks holdings of government securities, millions of euros

Euro area bank lending to non-financial corporations, millions of euros

Euro area bank lending to households, millions of euros

ECB deposit facility, millions of euros