| 書目名稱 | The Economics of Target Balances | | 副標題 | From Lehman to Coron | | 編輯 | Hans-Werner Sinn | | 視頻video | http://file.papertrans.cn/909/908371/908371.mp4 | | 概述 | Target balances are crucial for understanding the euro’s ongoing balances of payments crisis, including the new capital flight and stress induced by the Corona crisis.Target balances constitute a stea | | 圖書封面 |  | | 描述 | .Target balances are the largest single item in some of the balance sheets of the Eurosystem’s national central banks (NCBs), and yet very little is known about them by the general public and even by economists. This book shows that Target balances measure overdraft credits between the NCBs that resemble ordinary fiscal credit and which have grown disproportionately, exceeding one billion euros. There is, however, no parliamentary legitimation for the Target balances. The book sheds light on the economic significance of the balances, questions their limitlessness, and addresses controversial views that have been expressed regarding them. It uses the Target statistics to analyze the course of the euro crisis and the ECB’s policy reactions from the time of the Lehman bankruptcy up to the outbreak of the Corona crisis. It analyses the credit risks involved for the Eurosystem and concludes with a reform proposal.? ?. .This book will be of interest to non-specialist economists and policy makers.. | | 出版日期 | Book 2020 | | 關(guān)鍵詞 | Europe‘s balance of payments; TARGET2; Central banks balance sheets; Monetary transaction; Target-balanc | | 版次 | 1 | | doi | https://doi.org/10.1007/978-3-030-50170-9 | | isbn_softcover | 978-3-030-50169-3 | | isbn_ebook | 978-3-030-50170-9 | | copyright | The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerl |
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