Abad, José M.; Löffler, Axel; Schnabl, Gunther; … - 2012
The paper scrutinizes the reasons for the European debt crisis, the implications for TARGET2 imbalances and options for … account imbalances is postponed by a rising divergence of TARGET2 balances, as the repatriation of private international … absorption by Deutsche Bundesbank to forestall asset price bubbles in Germany. -- EMU ; fiscal divergence ; TARGET2 ; current …