Abad, José M.; Löffler, Axel; Schnabl, Gunther; … - 2012
surplus liquidity absorption within an asymmetric EMU. It is argued that starting from the turn of the millennium diverging … for the German banking sector. The paper shows how since the outbreak of the crisis the adjustment of intra-EMU current … absorption by Deutsche Bundesbank to forestall asset price bubbles in Germany. -- EMU ; fiscal divergence ; TARGET2 ; current …