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Large increases in TARGET2 balances in the euro area since 2008 have led to concern and debate about the appropriate … COVID-19 pandemic. Moreover, this paper analyzes the potential risks for euro area member states in the case of (i) the … potentials if TARGET2 debtor countries pretend to plan to leave the euro area. Based on this, we discuss adaption options for the …
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working as lender of last resort for the euro area member States; indeed, only when the ECB took this responsibility by … Union to survive, rather than to disparities in the level of competitiveness among countries of the Eurozone. This crisis of …
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