How is financial stability doing in the wake of Russia’s invasion of Ukraine? What risks are we keeping an eye on, for instance in the crypto-asset and housing markets?

Our host Katie Ranger puts these and other questions to our financial stability experts Tamarah Shakir and John Fell on The ECB Podcast.

The views expressed are those of the speakers and not necessarily those of the European Central Bank.

Published on 1 June 2022 and recorded on 27 May 2022.

In this episode:

05:55 – How is financial stability faring in the current uncertain environment?

Why financial stability conditions have worsened, what the main causes of this are and how the war is affecting the financial system.

13:54 – How is high inflation affecting financial stability?

What impact higher prices are having on the financial system, and how inflation affects both people’s ability to repay debts and the financing role of markets.

20:10 – What’s going on in the housing market?

Why house prices have been rising and what risks might emerge as a result.

24:05 – Why are crypto-assets a risk to financial stability?

The current state of crypto-assets, and how other developments might increase the risks they pose to the financial system.

30:02 – Our guests’ hot tips

Our financial experts John Fell and Tamarah Shakir share their book and podcast recommendations.

Additional material:

Financial Stability Review, May 2022

https://www.ecb.europa.eu/pub/financial-stability/fsr/html/index.en.html

The ECB Podcast: Bicycles, bitcoin and zombie firms: financial stability in the wake of the third wave, June 2021

https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod210616_episode17.en.html

The ECB Podcast: A cyclist’s guide to financial stability amid a pandemic, November 2020

https://www.ecb.europa.eu/press/tvservices/podcast/html/ecb.pod201125_episode12.en.html

European Central Bank

www.ecb.europa.eu

You can also listen to The ECB Podcast on SoundCloud, Spotify, Deezer, Stitcher, YouTube, Amazon Music and many more: https://pod.link/ecbpodcast