Financial Market Authority Liechtenstein publishes Financial Stability Report with contribution from the Liechtenstein Institute

The Financial Stability Report analyses the current challenges for the stability of Liechtenstein’s financial sector. It concludes that the global economy weakened further last year due to high interest rates and increasing geopolitical tensions. The macroeconomic developments are also being felt in the financial sector, with interest margins, for example, having already fallen significantly in recent months. Although Liechtenstein’s financial sector remains stable, it is crucial to closely monitor global trends and address the identified risks in order to ensure long-term stability. The report identifies and assesses the systemic risks to which Liechtenstein’s financial sector is exposed, points out imbalances and discusses how the risks are being addressed accordingly. In addition, this report offers various recommendations to the authorities and the financial sector to effectively address the identified systemic risks.

Andreas Brunhart and Martin Geiger have once again contributed guest articles to this year’s Financial Stability Report. The first is dedicated to the development of Liechtenstein's goods exports and the causes and economic effects of this. The second contains test calculations for a Liechtenstein GDP deflator and discusses these.

Financial Stability Report 2024 (Financial Market Authority Liechtenstein)