Will TARGET2-balances be reduced again after an end of the crisis? / Christian Fahrholz; Andreas Freytag

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cbs.date.changed2021-07-28
cbs.date.creation2012-08-01
cbs.picatypeOa
cbs.publication.displayformJena / Halle : Univ., 2011
dc.contributor.authorFahrholz, Christian
dc.contributor.authorFreytag, Andreas
dc.date.accessioned2025-05-29T00:07:12Z
dc.date.issued2011
dc.description.abstractThis article deals with the macro-economics of the Trans-European Automated Re- al-time Gross Settlement Express Transfer System (TARGET2). Originally, the TARGET2 was in-tended to solely function as a monetary arrangement for liquidity issues. It is shown that the TARGET2 contributes to a substantial misallocation of real resources within the Eurozone (EZ). The discussion highlights that there are no tendencies for rebalancing TARGET2-claims and liabilities, but rather a dynamic towards infinite and prolonged TARGET2-imbalances in the form of hysteresis.de
dc.description.noteTARGET2 = Trans-European Automated Real-time Gross Settlement Express Transfer System
dc.format.extentOnline-Ressource (PDF-Datei: 20 S., 0,66 MB) : graph. Darst.
dc.genrebook
dc.identifier.ppn720456932
dc.identifier.urihttps://epflicht.bibliothek.uni-halle.de/handle/123456789/3790
dc.identifier.urnurn:nbn:de:gbv:3:2-63036
dc.identifier.vl-id2477304
dc.language.isoeng
dc.publisherUniv.
dc.relation.ispartofseriesGlobal financial markets ; 30 ppn:598208976
dc.rights.urihttp://rightsstatements.org/vocab/InC/1.0/
dc.subject.ddc330
dc.titleWill TARGET2-balances be reduced again after an end of the crisis? / Christian Fahrholz; Andreas Freytag
dc.typeBook
dspace.entity.typeMonograph
local.accessrights.itemAnonymous
local.openaccesstrue

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Will TARGET2-balances be reduced again after an end of the crisis?
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