Germany: Financial System Stability Assessment

Germany: Financial System Stability Assessment



Publication date:

July 20, 2022

Electronic access:

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Summary:

Germany entered COVID-19 with strong public and private sector balance sheets and large financial reserves. The financial sector has weathered the COVID-19 related shocks well and the impact of the war has been limited so far. However, financial conditions have recently tightened and risks to the economy and the financial system have increased. The main risks relate to an escalation of the war which could be associated with a Russian gas shutdown and rising commodity prices, a global resurgence of COVID-19 with prolonged supply chain disruptions and an unanchoring of inflation expectations in the United States and advanced countries. Europe. Structural vulnerabilities related to persistently weak bank profitability and real estate price misalignments indicated in the 2016 FSAP remain a concern.


Series:

Country Report No. 2022/231


Matter:





Frequency:

usual


English

Publication date:

July 20, 2022

ISBN/ISSN:

9798400216886/1934-7685

Stock number:

1DEUEA2022003

Page :

76



Source link

Don F. Davis