Balance sheet risks in monetary policy implementation

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Title: Balance sheet risks in monetary policy implementation
Organization: Bank of Finland
Series: Bank of Finland. Bulletin
Series volume: 94
Series number: 4/2020
Year of publication: 2020
Publication date: 11.9.2020
Pages: 21-22
Subject (yso): rahapolitiikka; taseet; keskuspankit; riskit
Keywords: COVID-19; korona; Suomen Pankki; taseriskit
Other keywords: corona; monetary policy; balance sheet risk; balance sheet; central banks
Abstract: Monetary policy implementation in recent years has largely centred on asset purchase programmes and long-term refinancing operations. As a result, the balance sheets of the Eurosystem national central banks have grown significantly, while balance sheet risks related to monetary policy implementation have increased.
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