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Luxembourg: Financial System Stability Assessment

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  • International Monetary Fund

Abstract

This paper evaluates the stability of the financial system of Luxembourg. Financial soundness indicators for Luxembourg’s financial system, which plays a key role in the intermediation of financial capital, have remained relatively robust in recent years. Following rising asset prices and inflows, the investment fund industry has enjoyed strong growth in assets under management, while exposure to liquid assets has remained steady. An assessment of the financial system’s ability to withstand severe but plausible shocks suggests a good deal of resilience, albeit with some risks. Insurance stress test results indicate that strong initial levels of capital and low guaranteed product exposure offer insulation against market shocks.

Suggested Citation

  • International Monetary Fund, 2017. "Luxembourg: Financial System Stability Assessment," IMF Staff Country Reports 2017/122, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2017/122
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=44907
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    Citations

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    Cited by:

    1. Calice, Pietro & Leonida, Leone & Muzzupappa, Eleonora, 2021. "Concentration-stability vs concentration-fragility. New cross-country evidence," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 74(C).
    2. Natasha Kalara & Lu Zhang, 2018. "The changing landscape of firm financing in Europe, the United States and Japan," CPB Discussion Paper 383, CPB Netherlands Bureau for Economic Policy Analysis.
    3. Charlotte M. Karam & Fida Afiouni, 2021. "Career constructions and a feminist standpoint on the meaning of context," Gender, Work and Organization, Wiley Blackwell, vol. 28(2), pages 672-700, March.
    4. Kang-Soek Lee, 2020. "Macroprudential stress testing: A proposal for the Luxembourg investment fund sector," BCL working papers 141, Central Bank of Luxembourg.

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