Abad, José; Löffler, Axel; Schnabl, Gunther; Zemanek, … - Wirtschaftswissenschafltiche Fakultät, Universität Leipzig - 2012
imbalances within the euro area, which were enhanced by post-2001 low interest rate policies and changing financing conditions …The paper scrutinizes the reasons for the European debt crisis, the implications for TARGET2 imbalances and options for … surplus liquidity absorption within an asymmetric EMU. It is argued that starting from the turn of the millennium diverging …