TARGET i(im-)balances at record level
should we worry? : in-depth analysis
Target2 balances have re-increased since late 2014 in parallel with extraordinary monetary policy measures. At first glance, the ECB’s asset purchasing programme seems to contribute just mechanically to a widening of Target2 positions. However, excessive liquidity provision reduces the role of cross...
|Place of publication:||
Brussels European Parliament 2017, 2017
Kiel Institute for the World Economy
|Data of publication:||2017, 2017|
|Alternate Title:||TARGET imbalances at record levels
Manuscript completed in November 2017.
|Online Access:||available in Bonn?|
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