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The Target liabilities of the GIPS countries (Greece, Ireland, Portugal and Spain) amounted to314 billion euros in March 2011. They measure the additional central bank money that their corresponding National Central Banks (NCBs) have loaned in excess of the money needed to cover their domestic...
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ökonomischen Interpretation der Kreditverlagerung - Target-Kredite, Leistungsbilanz und Kapitalverkehr - Fünf vor zwölf - Target …
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