Report
Patrick Artus

Euro zone: Macroprudential policies will have to be used actively

We believe that macroprudential policies (balance sheet ratios, loan-to-value ratios, taxation of capital gains) will have to be used far more actively in the euro zone. This is because: First, the heterogeneity of euro-zone countries (for credit growth, the rise in real estate prices) is significant; Second, while the continued expansionary monetary policy maintains the countries’ solvency, it will continue to drive up asset prices .
Provider
Natixis
Natixis

Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.

 

Analysts
Patrick Artus

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