The Economics of Target Balances
From Lehman to Corona
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 us…
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Produktdetails
- ISBN: 978-3-030-50169-3
- EAN: 9783030501693
- Produktnummer: 34996782
- Verlag: Springer International Publishing
- Sprache: Englisch
- Erscheinungsjahr: 2020
- Seitenangabe: 160 S.
- Masse: H23.5 cm x B15.5 cm x D0.8 cm 254 g
- Auflage: 1st ed. 2020
- Abbildungen: Paperback
- Gewicht: 254
Über den Autor
Hans-Werner Sinn is President emeritus at the ifo Institute for Economic Research and Professor emeritus at the University of Munich. He founded and directed the international CESifo research network and the Center for Economic Studies. He has received four honorary doctoral degrees, has delivered numerous distinguished academic lectures, has taught in a number of countries, and was both President of the International Institute of Public Finance (the world organization of Public Sector economists) and the German Economic Association (Verein für Socialpolitik). In recent years, his work has focused primarily on the euro, the financial crisis, the European Central Bank, green energy, demography, migration, and Brexit. He previously conducted extensive research into German reunification, taxation, systems competition, and insurance.
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From Lehman to Corona
From Lehman to Corona
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