| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP15067 |
| DP15067 Understanding the German criticism of the Target system and the role of central bank capital | |
| Roberto Perotti | |
| 发表日期 | 2020-07-19 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | Criticism of the Target system by a group of central European scholars has become a widespread argument against the policies of the European Central Bank and even the integrity of the monetary union, and even standard fare in the media and in the political debate in Germany. Most academics and practitioners that have participated in the debate have been dismissive of the German preoccupations. In this paper, I first try and clarify the many remaining misunderstandings about the workings and implications of the Target system. I propose a unified, systematic and simple approach to the study of the workings of the Target system in response to different shocks and in comparison with different alternative regimes. I then argue that the German criticism of the Target system is not so unfounded after all, and should be taken seriously, both on theoretical grounds and for its political implications. |
| 主题 | International Macroeconomics and Finance |
| 关键词 | Target2 system European monetary union Central bank capital |
| URL | https://cepr.org/publications/dp15067 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/544022 |
| 推荐引用方式 GB/T 7714 | Roberto Perotti. DP15067 Understanding the German criticism of the Target system and the role of central bank capital. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
| 个性服务 |
| 推荐该条目 |
| 保存到收藏夹 |
| 导出为Endnote文件 |
| 谷歌学术 |
| 谷歌学术中相似的文章 |
| [Roberto Perotti]的文章 |
| 百度学术 |
| 百度学术中相似的文章 |
| [Roberto Perotti]的文章 |
| 必应学术 |
| 必应学术中相似的文章 |
| [Roberto Perotti]的文章 |
| 相关权益政策 |
| 暂无数据 |
| 收藏/分享 |
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
