The financial crisis has led to the adoption of macroprudential policies – also in Belgium - which do interact with monetary policy. This article deals with the interactions and possible conflicts between these two policy domains. We illustrate this by an assessment of the current situation. Although beneficial for macroeconomic and hence financial stability, the impact on financial risk taking of the unprecedented monetary easing requires close monitoring.
This article gives an overview of the establishment and functioning of the European governance framework for public finances. In addition, an appraisal is made of this regulatory framework and suggestions for future reforms are put forward.