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This article reviews the impact of commercial real estate (CRE hereafter) on macro-financial stability and gives some ideas, how central banks could deal with the risk. First, we present the main features of the CRE market, explain its cycle and outline risks related to this market. Its relation...
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In 2010, Ireland was experiencing a bank crisis and a sovereign debt crisis as a result of fallout from the broader … banking sector. As a result, on December 10, 2010, the ECB and Central Bank of Ireland (CBI) entered into a bilateral …) aid package to Ireland. The ECB-CBI agreement was extended once and terminated on September 28, 2012. The BoE …
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