Volume 53, May/June 2018, Number 3 · pp. 174-178
Low Interest Rates and Household Portfolio Behaviour in Euro Area Countries
This paper examines whether household portfolio structures change in favour of riskier assets when interest rates fall. Using euro area financial accounts data from the financial crisis through the present day, it is shown that the current low interest rate environment has not, up to this point, induced euro area households to add further risky assets to their investment portfolios.
This Intereconomics article is available for free at this page after an embargo period of two years. Reading it before June 2020 is possible via SpringerLink or in the next library.