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Demographic Change, Bank Strategy and Financial Stability

Stefan Schmitz

Financial Stability Report, 2007, issue 13, 98-114

Abstract: The purpose of this article is to disseminate the main results of the program “Ageing and Its Implications for Banks and Bank Strategy” of the Oesterreichische Nationalbank’s (OeNB’s) Financial Markets Analysis and Surveillance Division and to draw conclusions about the implications of aging for financial stability. The first question that arises is whether demographic change is relevant for banks and financial stability at all. The paper answers this question in the affirmative and goes on to analyze the impact of demographic change on the environment in which banks operate, i.e. on economic growth, interest rates, and residential real estate markets, and on the level and composition of household demand for bank services and products. The article summarizes how banks might adapt their strategies in response to demographic change. Finally, it draws conclusions about the potential implications for financial stability.

Keywords: banks; demography; ageing; financial stability. (search for similar items in EconPapers)
JEL-codes: G21 J10 (search for similar items in EconPapers)
Date: 2007
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