The complex linkages between euro area insurers and sovereign bond markets

Over the past decade, euro area insurers have been challenged by the prolonged period of low interest rates until 2022 and climate-related risks, particularly for
Transmission of liquidity shocks through non-bank financial intermediaries: Evidence from the International Banking Research Network

The role of non-bank financial intermediaries in funding markets and financial crises has increased in recent decades. This column examines the rise of the sector

