ecb-地缘政治和地缘经济风险对金融稳定的影响 Financial stability implications of geopolitical and geoeconomic risks.pdfVIP

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ecb-地缘政治和地缘经济风险对金融稳定的影响 Financial stability implications of geopolitical and geoeconomic risks.pdf

Financialstabilityimplicationsof

geopoliticalandgeoeconomicrisks

PreparedbyPaulBochmann,StephanFahrandGiuliaLazzari

PublishedaspartoftheFinancialStabilityReview,May2026.

Theoutlookforglobalgrowth,inflationandfinancialstabilityhasbeen

adverselyaffectedrecentlybyunexpectedgeopoliticalandgeoeconomic

events.Notably,thewarintheMiddleEasthasledtohighlevelsofuncertaintyand

disruptionstothesupplyofoilandotherenergycommodities.Thisboxevaluates

recentdevelopmentsingeopoliticalandgeoeconomicrisksandassessestheirimpact

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