The implications of intra-euro area imbalances in credit flows

Willem Buiter, Ebrahim Rahbari, Juergen Michels, 06 September 2011

The Eurozone money transfer system, TARGET2, has huge imbalances whose meaning is subject to much debate. This Policy Insight by Citigroup Chief Economist Willem Buiter and co-authors argues that the imbalances show some banks can’t fund themselves without public support.

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URL:  http://www.cepr.org/pubs/PolicyInsights/CEPR_Policy_Insight_057.asp

Topics:  EU policies Europe's nations and regions

Tags:  Germany, Ireland, Eurozone crisis, TARGET2

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