Second Session: Negative Euro Area Interest Rates and Financial Stability in Western Balkan Economies
Author:
Natasha Ahmetaj
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Language:
English
Keywords:
SEM; interest rate; euro; central bank; rate; bank; interest rate differential; interest rate environment; ECB monetary policy; FX reserve; risk-taking channel; Currencies; Negative interest rates; Financial sector stability; Exchange rates; Central bank policy rate; Global; Europe; Western Europe; Eastern Europe; Baltics; ECB monetary policy implementation framework
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Abstract

Thank you again for coming back to the second session. In this session, we will continue to discuss the negative euro area interest rates and financial stability in our respective countries.

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Cover Negative Euro Area Interest Rates and Spillovers on Western Balkan Central Bank Policies and Instruments
Negative Euro Area Interest Rates and Spillovers on Western Balkan Central Bank Policies and Instruments
Author:
International Monetary Fund
ISBN:
9789928445391
Publication Date:
04 May 2017
Publisher:
International Monetary Fund
DOI:
https://doi.org/10.5089/9789928445391.072
Pages:
344
Figure 1.

Interest rates at historically low levels
Figure 2

Interest rates in Albania
Figure 3.

Profitability of the Albanian banking sector
Figure 4.

Profitability for the Albanian banking sector (cont.)
Figure 5.

Banks: build up of leverage/search for yield
Figure 6.

Households (HH) and non-financial (NF) firms: build up of leverage / search for yield
Figure 7.

Households and non-financial firms: build up of leverage / search for yield (cont.)
Figure 8.

Asset prices: trends
Figure 9.

Banks: maturity transformation
Figure 10.

Banks: maturity transformation
Figure 11.

Banks: Risk-weighted assets
Figure 12.

Banks: quality of assets
Figure 13.

Banks: changes in currency composition of the balance sheet
Figure 14.

Banks unhedged foreign currency credit
Figure 15.

Banks: transactions with non-residents
Figure 1.

The determinants of net interest income in BH
Figure 2.

Profitability of Bosnia and Hercegovina banks
Figure 3.

Interest rates on loans to non-financial companies
Figure 4.

Interest rates on loans to households
Figure 5.

Which banks extend loans?
Figure 6.

Interest rates on deposits of households
Figure 7.

Which households’ deposits are growing?
Figure 1.

Monetary policy and financial stability
Figure 2.

Unilateral euroization and financial stability in Kosovo (1)
Figure 3.

Robust growth of CPS financed by domestic deposits
Figure 4.

Loans-to-GDP ratio increases, still space to converge to region’s average
Figure 5.

Already good portfolio quality further improved
Figure 6.

Judicial reform and base effect underlying loan quality improvement
Figure 7.

NPLs well covered with provisions
Figure 8.

Banking sector well capitalized, CAR well above regulatory requirement
Figure 9.

Loan-to-deposit ratio low, space for lending expansion
Figure 10.

Liquidity well above regulatory requirement
Figure 11.

Profitability remains satisfactory
Figure 12.

Interest rate gap substantially narrowed
Figure 1.

Weighted average effective lending interest rates for period 31.01.2016–28.02.2017.
Figure 2.

Weighted average effective lending interest rates of banks – new business on a monthly basis
Figure 3.

Aggregate index of financial stability
Figure 4.

Financial Stability Diagram