Abad, José; Löffler, Axel; Schnabl, Gunther; Zemanek, … - Wirtschaftswissenschafltiche Fakultät, Universität Leipzig - 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 … imbalances within the euro area, which were enhanced by post-2001 low interest rate policies and changing financing conditions …