This study shows that Target2 net claims are a poor measure of Bundesbank loss exposure, and even more so of German loss exposure to the rest of the Eurozone. This is true even under plausible assumptions about a comprehensive break-up scenario that leaves Germany as the only member of the euro...

Earth Endogenous System, 2nd edition (hereunder, the 2nd) is endowed with a unique unite for philosophy, theories, practices, and national taste; solely policy-oriented and harmonizing culture by country and civilization by area. This is because each of these are data-numerically and precisely...

Earth Endogenous System, 2nd edition (hereunder, the 2nd) is endowed with a unique unite for philosophy, theories, practices, and national taste; solely policy-oriented and harmonizing culture by country and civilization by area. This is because each of these are data-numerically and precisely...

The housing market is a central macroprudential policy concern in France due to the significant proportion of residential property loans in bank balance sheets and the high weight of housing in household wealth. The surge in house prices at the start of the 2000s means we cannot rule out the...