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The Economics of Target Balances: From Lehman to Corona by Hans-Werner Sinn (Eng
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eBay item number:386583538363
Item specifics
- Condition
- ISBN-13
- 9783030501693
- Book Title
- The Economics of Target Balances
- ISBN
- 9783030501693
- Publication Year
- 2020
- Type
- Textbook
- Format
- Paperback
- Language
- English
- Publication Name
- The Economics of Target Balances: from Lehman to Corona
- Item Height
- 235mm
- Publisher
- Springer Nature Switzerland A&G
- Item Width
- 155mm
- Subject
- Economics, Law, Government, Finance
- Item Weight
- 256g
- Number of Pages
- 146 Pages
About this product
Product Information
Target balances are the largest single item in some of the balance sheets of the Eurosystem's national central banks (NCBs), and yet very little is known about them by the general public and even by economists. This book shows that Target balances measure overdraft credits between the NCBs that resemble ordinary fiscal credit and which have grown disproportionately, exceeding one billion euros. There is, however, no parliamentary legitimation for the Target balances. The book sheds light on the economic significance of the balances, questions their limitlessness, and addresses controversial views that have been expressed regarding them. It uses the Target statistics to analyze the course of the euro crisis and the ECB's policy reactions from the time of the Lehman bankruptcy up to the outbreak of the Corona crisis. It analyses the credit risks involved for the Eurosystem and concludes with a reform proposal. This book will be of interest to non-specialist economists and policy makers.
Product Identifiers
Publisher
Springer Nature Switzerland A&G
ISBN-13
9783030501693
eBay Product ID (ePID)
28046587696
Product Key Features
Publication Name
The Economics of Target Balances: from Lehman to Corona
Format
Paperback
Language
English
Subject
Economics, Law, Government, Finance
Publication Year
2020
Type
Textbook
Number of Pages
146 Pages
Dimensions
Item Height
235mm
Item Width
155mm
Item Weight
256g
Additional Product Features
Country/Region of Manufacture
Switzerland
Item description from the seller
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ABC Books Ltd
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RH11 0TG
United Kingdom
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- GB 324767388
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