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that fix exchange rates and those that target inflation. Inflation targeting is a more durable policy; no country has yet … been forced to abandon an inflation target, while many have abandoned fixed exchange rates. Indeed, even though inflation …
Persistent link: https://www.econbiz.de/10010295233
that fix exchange rates and those that target inflation. Inflation targeting is a more durable policy; no country has yet … been forced to abandon an inflation target, while many have abandoned fixed exchange rates. Indeed, even though inflation …
Persistent link: https://www.econbiz.de/10010332961
In dieser Arbeit wird ein Blick auf die aktuelle Debatte um die TARGET-2-Salden, welche insbesondere durch Sinn in den … Salden im Trans-European Automated Real-time Gross Settlement Express Transfer System (TARGET) (Echtzeit … Marktes traten die nationalen Zentralbanken und schlussendlich die Europäische Zentralbank mit ihren TARGET-Krediten. Die EZB …
Persistent link: https://www.econbiz.de/10010368436
We analyse the distribution of the TARGET cross-border interbank payment flows, from both a cross-section and time … confirmed also by a model developed drawing on the gravity models literature. Second, we find that the payment traffic in TARGET … liquidity conditions and to the turnover of the euro area money market, (particularly the unsecured overnight segment). Our …
Persistent link: https://www.econbiz.de/10011604489
currently settled by the pan-European large-value payment system, TARGET, are settled in alternative payment systems: an …
Persistent link: https://www.econbiz.de/10011604554
of both having a quantitative target, and of hitting a declared target; we also consider effects on output volatility … systematically and robustly associated with lower inflation. The exact form of the monetary target matters somewhat (especially for … the sustainability of the monetary regime), but is less important than having some quantitative target. Successfully …
Persistent link: https://www.econbiz.de/10011604661
-border payments system TARGET and by troika programs. We conclude that public safety nets must be robust enough to substitute for … Zahlungssystems TARGET kompensierte; Troika-Programme trugen ebenfalls zur Risikoteilung bei. Unsere Schlussfolgerung lautet, dass …
Persistent link: https://www.econbiz.de/10012054628
This article investigates the genesis and role of the 2° target in international climate policy. We identify a dual … debate over the 2° target as found in the literature is actually a mutual misunderstanding: while the opponents mainly focus … of targets and argues that an environmental target always consists of three elements, namely (a) science or system …
Persistent link: https://www.econbiz.de/10013253923
Social protection has gained relevance and garnered increasing interest over recent decades. Developing countries are progressively adopting more programmes and policies to protect their poor and vulnerable populations, while international organisations and donors work to enhance the capacity of...
Persistent link: https://www.econbiz.de/10012797302
With the implementation of the Eurosystem's asset purchase programme (APP), national central banks' TARGET balances … the APP. Minenna et al. (2018) disagree and claim that the causes of rising TARGET balances (2015–2017) have been the … persistent current-account surplus of Germany and 'capital flight.' This comment explains that rising TARGET balances occur under …
Persistent link: https://www.econbiz.de/10014363347