Abad, José M.; Löffler, Axel; Schnabl, Gunther; … - 2012
absorption by Deutsche Bundesbank to forestall asset price bubbles in Germany. -- EMU ; fiscal divergence ; TARGET2 ; current …The paper scrutinizes the reasons for the European debt crisis, the implications for TARGET2 imbalances and options for … brought Deutsche Bundesbank into a debtor position to the domestic financial system, we discuss options for liquidity …