Terzi, Andrea - In: European Journal of Economics and Economic Policies: … 16 (2019) 2, pp. 161-168
With the implementation of the Eurosystem's asset purchase programme (APP), national central banks' TARGET balances have risen. For the European Central Bank, this reflects cross-border payments and portfolio rebalancing in the context of the APP. Minenna et al. (2018) disagree and claim that...
