Erler, Alexander; Hohberger, Stefan - In: CESifo economic studies : CESifo, a joint initiative of … 62 (2016) 3, pp. 491-505
euro area reveals that the TARGET2 system mirrors an implicit distribution mechanism, with a volume of approximately EUR 40 … billion. The results underline the aspect that even without a euro area breakup or exit of one member country, holding TARGET2 …