Astarita, Caterina; Purificato, Francesco - Volkswirtschaftliche Fakultät, … - 2013
sovereign debt crisis, while some countries, among which Germany, registered a decisive inflow of monetary base, some others, as …This paper analyses the issue of the dynamics of the TARGET2 system balances during the sovereign debt crisis. The … Italy, shown an outflow. The main conclusion of the paper is that the dynamics in TARGET2 is rather due to a fall in the …