Sinn Hans - Werner
Sinn Hans - Werner - The Economics Of Target Balances From Lehman To Corona - Paperback
Sinn Hans - Werner - The Economics Of Target Balances From Lehman To Corona - Paperback
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Binding: Paperback
Description: Target balances are the largest single item in some of the balance sheets of the Eurosystem's national central banks (NC Bs) 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 NC Bs 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.
Title: The Economics Of Target Balances From Lehman To Corona
Author(s): Sinn Hans - Werner
Publisher: Springer Nature Switzerland Ag
Barcode: 9783030501693
Pages: 146 Pages, 14 Illustrations, Black And White; Xiii, 146 P. 14 Illus.
Publication Date: 10/24/2020
Category: Taxation & Duties Law
Description: Target balances are the largest single item in some of the balance sheets of the Eurosystem's national central banks (NC Bs) 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 NC Bs 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.
Title: The Economics Of Target Balances From Lehman To Corona
Author(s): Sinn Hans - Werner
Publisher: Springer Nature Switzerland Ag
Barcode: 9783030501693
Pages: 146 Pages, 14 Illustrations, Black And White; Xiii, 146 P. 14 Illus.
Publication Date: 10/24/2020
Category: Taxation & Duties Law
