Publication
Jul 2011
This paper analyzes the implications of a continued divergence of TARGET2 balances for monetary policy in the euro area. It also offers a discussion on three alternatives for the ECB to absorb excess liquidity in countries with TARGET2 claims and examines the implications for these approaches in core regions.
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English (PDF, 10 pages, 208 KB) |
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| Author | José M Abad, Axel Löoffler, Holger Zemanek |
| Series | CEPS Policy Briefs |
| Issue | 248 |
| Publisher | Centre for European Policy Studies (CEPS) |
| Copyright | © 2011 Centre for European Policy Studies (CEPS) |