The availability of assets was also found to be constrained by shortcomings related to settlement arrangements, bringing the total for available high quality assets to an amount closer to the equivalent of € trillion – some € trillion less than the figure I referred to at the outset. Overall this still leaves a sufficient buffer of high-quality assets available for market participants.
BIS central bankers’ speeches  3  We’re also making progress toward a better understanding of how monetary policy actions influence risk taking. For example, when a central bank cuts interest rates to cushion the economy from a shock, the hope is that people will borrow more at that lower interest rate and spend more money.