Sinn, Hans-Werner; Wollmershäuser, Timo - In: International Tax and Public Finance 19 (2012) 4, pp. 468-508
This paper presents the first comprehensive Target database of the Eurozone and interprets it from an economic perspective. We show that the Target accounts measure the intra-Eurozone balances of payments and indirectly also international credit given through the Eurosystem in terms of...