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large accumulation of Target2 claims by the Bundesbank represents an unacceptable risk for Germany if the eurozone were to … the eurozone crisis more difficult. Ultimately, this fear increases the risk of a break-up of the eurozone. Or to …
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The ECB has been arguing in the past that since there is no trade-off between price stability and financial stability, the pursuit of price stability is the best a central bank can do to also maintain financial stability. We argue that there is a potential trade-off between price stability and...
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