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Cover-Bild Capital flows in the euro area and TARGET2 balances Produktdarstellung
Nikolay Hristov (Autor), Oliver Hülsewig (Autor), Timo Wollmershäuser (Autor)

Capital flows in the euro area and TARGET2 balances

We estimate a panel VAR model for the euro area to quantitatively assess how the uneven recourse of national banking systems in the euro area to the ECB's unconventional refinancing operations that led to the accumulation of large TARGET2 balances, has contributed to the propagation of different types ...

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