The Economics of Target Balances: From Lehman to Corona
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Cham
Springer International Publishing AG
2020
|
| Schlagworte: | |
| Beschreibung: | Description based on publisher supplied metadata and other sources |
| Beschreibung: | 1 Online-Ressource (152 Seiten) |
| ISBN: | 9783030501709 |
Internformat
MARC
| LEADER | 00000nmm a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV048224349 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 220516s2020 |||| o||u| ||||||eng d | ||
| 020 | |a 9783030501709 |9 978-3-030-50170-9 | ||
| 035 | |a (ZDB-30-PQE)EBC6381038 | ||
| 035 | |a (ZDB-30-PAD)EBC6381038 | ||
| 035 | |a (ZDB-89-EBL)EBL6381038 | ||
| 035 | |a (OCoLC)1238199828 | ||
| 035 | |a (DE-599)BVBBV048224349 | ||
| 040 | |a DE-604 |b ger |e rda | ||
| 041 | 0 | |a eng | |
| 082 | 0 | |a 332.11094 | |
| 084 | |a QD 000 |0 (DE-625)141277: |2 rvk | ||
| 100 | 1 | |a Sinn, Hans-Werner |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a The Economics of Target Balances |b From Lehman to Corona |
| 264 | 1 | |a Cham |b Springer International Publishing AG |c 2020 | |
| 264 | 4 | |c ©2020 | |
| 300 | |a 1 Online-Ressource (152 Seiten) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 500 | |a Description based on publisher supplied metadata and other sources | ||
| 505 | 8 | |a Intro -- Contents -- Abbreviations -- List of Figures -- List of Boxes -- Chapter 1: Target: An Obscure Aspect of the Eurosystem -- 1.1 The Meaning of Target Balances -- 1.2 Mirroring the Eurozone Crisis -- Chapter 2: The Target Credit -- 2.1 Why Target Balances Measure Credit -- 2.2 The Decision for Public International Credit -- Chapter 3: Current Account, Capital Movements and Target Balances -- 3.1 The Basic Accounting Identity -- 3.2 Similar Balances in Other Payment Systems -- Chapter 4: The Cash Balance -- 4.1 The Measuring and Meaning of Cash Balances -- 4.2 The IMF's Methodology -- Chapter 5: How the Target Balances Came About: The First Phase of the Crisis -- 5.1 The Phases of the Crisis -- 5.2 Opening the Sluice Gates -- Chapter 6: The Case of Greece -- 6.1 The Public Credit for Greece -- 6.2 Bailing Out Foreign Investors -- 6.3 Sudden Stop, Capital Flight and Current Account Finance -- Chapter 7: External and Internal Money -- 7.1 Some Definitions and Identities -- 7.2 External Money Crowds Out Internal Money: The Case of Germany -- Chapter 8: The QE Program and the Target balances -- 8.1 A Liquidity Flood Named QE -- 8.2 The Great Debt Restructuring -- 8.3 The Example of Italy -- 8.4 Triangular Transactions with Investors Outside the Eurozone -- Chapter 9: The Effective Rate of Interest on Target Balances -- 9.1 Why the Interest Problem Is Relevant -- 9.2 Legal Provisions for Intra-Eurosystem Interest Payments -- 9.3 Pooling: A Comprehensive Way of Calculating Intra-Eurosystem Interest on Target and Cash Balances -- 9.4 Primary Seignorage, Secondary Seignorage and the Definition of the Marginal Effective Rate of Interest on Target and Cash Balances -- 9.5 The Interest Formula -- 9.6 The Currently Negative Rate of Interest on Target and Cash Balances -- 9.7 Compound Interest and the Transfer of Liquidity and Income | |
| 505 | 8 | |a Chapter 10: Interest Spreads and Tiering -- 10.1 The Interest-induced Shift of Liquidity, Interest Spreads and the Elasticity of Local Money Supply -- 10.2 Differentiating the Interest Rates by Way of Tiering -- 10.3 The Effective Marginal Rate of Interest with Non-uniform Policy Rates -- 10.4 A Lesson to be Learned -- Chapter 11: The Corona Crisis -- 11.1 The Pandemic Infects the World -- 11.2 The Initial Impact of the Crisis on the Target Balances -- 11.3 The Rescue Measures -- Chapter 12: The Risks of Target and Cash Balances -- 12.1 Target and Cash Balances were Built Up in Exchange for Goods and Assets -- 12.2 Exit Risks, Exemplified by the Case of Italy -- 12.3 Risks of a Euro Break-Up -- 12.4 Risks without Exits -- 12.5 The Blackmailing Potential of Target and Cash Balances and the Dutch Disease -- Chapter 13: Conclusions and Policy Recommendations -- 13.1 The Findings of This Book -- 13.2 The Pros and Cons of Target and Cash Balances -- 13.3 Reform Options -- Correction to: The Economics of Target Balances -- References -- Statistical References -- Index | |
| 650 | 4 | |a Banks and banking, Central-European Union countries | |
| 650 | 0 | 7 | |a Wirtschaftspolitik |0 (DE-588)4066493-4 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Makroökonomie |0 (DE-588)4037174-8 |2 gnd |9 rswk-swf |
| 689 | 0 | 0 | |a Wirtschaftspolitik |0 (DE-588)4066493-4 |D s |
| 689 | 0 | 1 | |a Makroökonomie |0 (DE-588)4037174-8 |D s |
| 689 | 0 | |5 DE-604 | |
| 776 | 0 | 8 | |i Erscheint auch als |n Druck-Ausgabe |a Sinn, Hans-Werner |t The Economics of Target Balances |d Cham : Springer International Publishing AG,c2020 |z 9783030501693 |
| 912 | |a ZDB-30-PQE | ||
| 999 | |a oai:aleph.bib-bvb.de:BVB01-033605082 | ||
Datensatz im Suchindex
| _version_ | 1804184006417186816 |
|---|---|
| adam_txt | |
| any_adam_object | |
| any_adam_object_boolean | |
| author | Sinn, Hans-Werner |
| author_facet | Sinn, Hans-Werner |
| author_role | aut |
| author_sort | Sinn, Hans-Werner |
| author_variant | h w s hws |
| building | Verbundindex |
| bvnumber | BV048224349 |
| classification_rvk | QD 000 |
| collection | ZDB-30-PQE |
| contents | Intro -- Contents -- Abbreviations -- List of Figures -- List of Boxes -- Chapter 1: Target: An Obscure Aspect of the Eurosystem -- 1.1 The Meaning of Target Balances -- 1.2 Mirroring the Eurozone Crisis -- Chapter 2: The Target Credit -- 2.1 Why Target Balances Measure Credit -- 2.2 The Decision for Public International Credit -- Chapter 3: Current Account, Capital Movements and Target Balances -- 3.1 The Basic Accounting Identity -- 3.2 Similar Balances in Other Payment Systems -- Chapter 4: The Cash Balance -- 4.1 The Measuring and Meaning of Cash Balances -- 4.2 The IMF's Methodology -- Chapter 5: How the Target Balances Came About: The First Phase of the Crisis -- 5.1 The Phases of the Crisis -- 5.2 Opening the Sluice Gates -- Chapter 6: The Case of Greece -- 6.1 The Public Credit for Greece -- 6.2 Bailing Out Foreign Investors -- 6.3 Sudden Stop, Capital Flight and Current Account Finance -- Chapter 7: External and Internal Money -- 7.1 Some Definitions and Identities -- 7.2 External Money Crowds Out Internal Money: The Case of Germany -- Chapter 8: The QE Program and the Target balances -- 8.1 A Liquidity Flood Named QE -- 8.2 The Great Debt Restructuring -- 8.3 The Example of Italy -- 8.4 Triangular Transactions with Investors Outside the Eurozone -- Chapter 9: The Effective Rate of Interest on Target Balances -- 9.1 Why the Interest Problem Is Relevant -- 9.2 Legal Provisions for Intra-Eurosystem Interest Payments -- 9.3 Pooling: A Comprehensive Way of Calculating Intra-Eurosystem Interest on Target and Cash Balances -- 9.4 Primary Seignorage, Secondary Seignorage and the Definition of the Marginal Effective Rate of Interest on Target and Cash Balances -- 9.5 The Interest Formula -- 9.6 The Currently Negative Rate of Interest on Target and Cash Balances -- 9.7 Compound Interest and the Transfer of Liquidity and Income Chapter 10: Interest Spreads and Tiering -- 10.1 The Interest-induced Shift of Liquidity, Interest Spreads and the Elasticity of Local Money Supply -- 10.2 Differentiating the Interest Rates by Way of Tiering -- 10.3 The Effective Marginal Rate of Interest with Non-uniform Policy Rates -- 10.4 A Lesson to be Learned -- Chapter 11: The Corona Crisis -- 11.1 The Pandemic Infects the World -- 11.2 The Initial Impact of the Crisis on the Target Balances -- 11.3 The Rescue Measures -- Chapter 12: The Risks of Target and Cash Balances -- 12.1 Target and Cash Balances were Built Up in Exchange for Goods and Assets -- 12.2 Exit Risks, Exemplified by the Case of Italy -- 12.3 Risks of a Euro Break-Up -- 12.4 Risks without Exits -- 12.5 The Blackmailing Potential of Target and Cash Balances and the Dutch Disease -- Chapter 13: Conclusions and Policy Recommendations -- 13.1 The Findings of This Book -- 13.2 The Pros and Cons of Target and Cash Balances -- 13.3 Reform Options -- Correction to: The Economics of Target Balances -- References -- Statistical References -- Index |
| ctrlnum | (ZDB-30-PQE)EBC6381038 (ZDB-30-PAD)EBC6381038 (ZDB-89-EBL)EBL6381038 (OCoLC)1238199828 (DE-599)BVBBV048224349 |
| dewey-full | 332.11094 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 332 - Financial economics |
| dewey-raw | 332.11094 |
| dewey-search | 332.11094 |
| dewey-sort | 3332.11094 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>04618nmm a2200445zc 4500</leader><controlfield tag="001">BV048224349</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">220516s2020 |||| o||u| ||||||eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9783030501709</subfield><subfield code="9">978-3-030-50170-9</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-30-PQE)EBC6381038</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-30-PAD)EBC6381038</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(ZDB-89-EBL)EBL6381038</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)1238199828</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV048224349</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">rda</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="082" ind1="0" ind2=" "><subfield code="a">332.11094</subfield></datafield><datafield tag="084" ind1=" " ind2=" "><subfield code="a">QD 000</subfield><subfield code="0">(DE-625)141277:</subfield><subfield code="2">rvk</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Sinn, Hans-Werner</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">The Economics of Target Balances</subfield><subfield code="b">From Lehman to Corona</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Cham</subfield><subfield code="b">Springer International Publishing AG</subfield><subfield code="c">2020</subfield></datafield><datafield tag="264" ind1=" " ind2="4"><subfield code="c">©2020</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (152 Seiten)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Description based on publisher supplied metadata and other sources</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">Intro -- Contents -- Abbreviations -- List of Figures -- List of Boxes -- Chapter 1: Target: An Obscure Aspect of the Eurosystem -- 1.1 The Meaning of Target Balances -- 1.2 Mirroring the Eurozone Crisis -- Chapter 2: The Target Credit -- 2.1 Why Target Balances Measure Credit -- 2.2 The Decision for Public International Credit -- Chapter 3: Current Account, Capital Movements and Target Balances -- 3.1 The Basic Accounting Identity -- 3.2 Similar Balances in Other Payment Systems -- Chapter 4: The Cash Balance -- 4.1 The Measuring and Meaning of Cash Balances -- 4.2 The IMF's Methodology -- Chapter 5: How the Target Balances Came About: The First Phase of the Crisis -- 5.1 The Phases of the Crisis -- 5.2 Opening the Sluice Gates -- Chapter 6: The Case of Greece -- 6.1 The Public Credit for Greece -- 6.2 Bailing Out Foreign Investors -- 6.3 Sudden Stop, Capital Flight and Current Account Finance -- Chapter 7: External and Internal Money -- 7.1 Some Definitions and Identities -- 7.2 External Money Crowds Out Internal Money: The Case of Germany -- Chapter 8: The QE Program and the Target balances -- 8.1 A Liquidity Flood Named QE -- 8.2 The Great Debt Restructuring -- 8.3 The Example of Italy -- 8.4 Triangular Transactions with Investors Outside the Eurozone -- Chapter 9: The Effective Rate of Interest on Target Balances -- 9.1 Why the Interest Problem Is Relevant -- 9.2 Legal Provisions for Intra-Eurosystem Interest Payments -- 9.3 Pooling: A Comprehensive Way of Calculating Intra-Eurosystem Interest on Target and Cash Balances -- 9.4 Primary Seignorage, Secondary Seignorage and the Definition of the Marginal Effective Rate of Interest on Target and Cash Balances -- 9.5 The Interest Formula -- 9.6 The Currently Negative Rate of Interest on Target and Cash Balances -- 9.7 Compound Interest and the Transfer of Liquidity and Income</subfield></datafield><datafield tag="505" ind1="8" ind2=" "><subfield code="a">Chapter 10: Interest Spreads and Tiering -- 10.1 The Interest-induced Shift of Liquidity, Interest Spreads and the Elasticity of Local Money Supply -- 10.2 Differentiating the Interest Rates by Way of Tiering -- 10.3 The Effective Marginal Rate of Interest with Non-uniform Policy Rates -- 10.4 A Lesson to be Learned -- Chapter 11: The Corona Crisis -- 11.1 The Pandemic Infects the World -- 11.2 The Initial Impact of the Crisis on the Target Balances -- 11.3 The Rescue Measures -- Chapter 12: The Risks of Target and Cash Balances -- 12.1 Target and Cash Balances were Built Up in Exchange for Goods and Assets -- 12.2 Exit Risks, Exemplified by the Case of Italy -- 12.3 Risks of a Euro Break-Up -- 12.4 Risks without Exits -- 12.5 The Blackmailing Potential of Target and Cash Balances and the Dutch Disease -- Chapter 13: Conclusions and Policy Recommendations -- 13.1 The Findings of This Book -- 13.2 The Pros and Cons of Target and Cash Balances -- 13.3 Reform Options -- Correction to: The Economics of Target Balances -- References -- Statistical References -- Index</subfield></datafield><datafield tag="650" ind1=" " ind2="4"><subfield code="a">Banks and banking, Central-European Union countries</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Wirtschaftspolitik</subfield><subfield code="0">(DE-588)4066493-4</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Makroökonomie</subfield><subfield code="0">(DE-588)4037174-8</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Wirtschaftspolitik</subfield><subfield code="0">(DE-588)4066493-4</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Makroökonomie</subfield><subfield code="0">(DE-588)4037174-8</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="5">DE-604</subfield></datafield><datafield tag="776" ind1="0" ind2="8"><subfield code="i">Erscheint auch als</subfield><subfield code="n">Druck-Ausgabe</subfield><subfield code="a">Sinn, Hans-Werner</subfield><subfield code="t">The Economics of Target Balances</subfield><subfield code="d">Cham : Springer International Publishing AG,c2020</subfield><subfield code="z">9783030501693</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-30-PQE</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-033605082</subfield></datafield></record></collection> |
| id | DE-604.BV048224349 |
| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:50:39Z |
| indexdate | 2024-07-10T09:32:28Z |
| institution | BVB |
| isbn | 9783030501709 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-033605082 |
| oclc_num | 1238199828 |
| open_access_boolean | |
| physical | 1 Online-Ressource (152 Seiten) |
| psigel | ZDB-30-PQE |
| publishDate | 2020 |
| publishDateSearch | 2020 |
| publishDateSort | 2020 |
| publisher | Springer International Publishing AG |
| record_format | marc |
| spelling | Sinn, Hans-Werner Verfasser aut The Economics of Target Balances From Lehman to Corona Cham Springer International Publishing AG 2020 ©2020 1 Online-Ressource (152 Seiten) txt rdacontent c rdamedia cr rdacarrier Description based on publisher supplied metadata and other sources Intro -- Contents -- Abbreviations -- List of Figures -- List of Boxes -- Chapter 1: Target: An Obscure Aspect of the Eurosystem -- 1.1 The Meaning of Target Balances -- 1.2 Mirroring the Eurozone Crisis -- Chapter 2: The Target Credit -- 2.1 Why Target Balances Measure Credit -- 2.2 The Decision for Public International Credit -- Chapter 3: Current Account, Capital Movements and Target Balances -- 3.1 The Basic Accounting Identity -- 3.2 Similar Balances in Other Payment Systems -- Chapter 4: The Cash Balance -- 4.1 The Measuring and Meaning of Cash Balances -- 4.2 The IMF's Methodology -- Chapter 5: How the Target Balances Came About: The First Phase of the Crisis -- 5.1 The Phases of the Crisis -- 5.2 Opening the Sluice Gates -- Chapter 6: The Case of Greece -- 6.1 The Public Credit for Greece -- 6.2 Bailing Out Foreign Investors -- 6.3 Sudden Stop, Capital Flight and Current Account Finance -- Chapter 7: External and Internal Money -- 7.1 Some Definitions and Identities -- 7.2 External Money Crowds Out Internal Money: The Case of Germany -- Chapter 8: The QE Program and the Target balances -- 8.1 A Liquidity Flood Named QE -- 8.2 The Great Debt Restructuring -- 8.3 The Example of Italy -- 8.4 Triangular Transactions with Investors Outside the Eurozone -- Chapter 9: The Effective Rate of Interest on Target Balances -- 9.1 Why the Interest Problem Is Relevant -- 9.2 Legal Provisions for Intra-Eurosystem Interest Payments -- 9.3 Pooling: A Comprehensive Way of Calculating Intra-Eurosystem Interest on Target and Cash Balances -- 9.4 Primary Seignorage, Secondary Seignorage and the Definition of the Marginal Effective Rate of Interest on Target and Cash Balances -- 9.5 The Interest Formula -- 9.6 The Currently Negative Rate of Interest on Target and Cash Balances -- 9.7 Compound Interest and the Transfer of Liquidity and Income Chapter 10: Interest Spreads and Tiering -- 10.1 The Interest-induced Shift of Liquidity, Interest Spreads and the Elasticity of Local Money Supply -- 10.2 Differentiating the Interest Rates by Way of Tiering -- 10.3 The Effective Marginal Rate of Interest with Non-uniform Policy Rates -- 10.4 A Lesson to be Learned -- Chapter 11: The Corona Crisis -- 11.1 The Pandemic Infects the World -- 11.2 The Initial Impact of the Crisis on the Target Balances -- 11.3 The Rescue Measures -- Chapter 12: The Risks of Target and Cash Balances -- 12.1 Target and Cash Balances were Built Up in Exchange for Goods and Assets -- 12.2 Exit Risks, Exemplified by the Case of Italy -- 12.3 Risks of a Euro Break-Up -- 12.4 Risks without Exits -- 12.5 The Blackmailing Potential of Target and Cash Balances and the Dutch Disease -- Chapter 13: Conclusions and Policy Recommendations -- 13.1 The Findings of This Book -- 13.2 The Pros and Cons of Target and Cash Balances -- 13.3 Reform Options -- Correction to: The Economics of Target Balances -- References -- Statistical References -- Index Banks and banking, Central-European Union countries Wirtschaftspolitik (DE-588)4066493-4 gnd rswk-swf Makroökonomie (DE-588)4037174-8 gnd rswk-swf Wirtschaftspolitik (DE-588)4066493-4 s Makroökonomie (DE-588)4037174-8 s DE-604 Erscheint auch als Druck-Ausgabe Sinn, Hans-Werner The Economics of Target Balances Cham : Springer International Publishing AG,c2020 9783030501693 |
| spellingShingle | Sinn, Hans-Werner The Economics of Target Balances From Lehman to Corona Intro -- Contents -- Abbreviations -- List of Figures -- List of Boxes -- Chapter 1: Target: An Obscure Aspect of the Eurosystem -- 1.1 The Meaning of Target Balances -- 1.2 Mirroring the Eurozone Crisis -- Chapter 2: The Target Credit -- 2.1 Why Target Balances Measure Credit -- 2.2 The Decision for Public International Credit -- Chapter 3: Current Account, Capital Movements and Target Balances -- 3.1 The Basic Accounting Identity -- 3.2 Similar Balances in Other Payment Systems -- Chapter 4: The Cash Balance -- 4.1 The Measuring and Meaning of Cash Balances -- 4.2 The IMF's Methodology -- Chapter 5: How the Target Balances Came About: The First Phase of the Crisis -- 5.1 The Phases of the Crisis -- 5.2 Opening the Sluice Gates -- Chapter 6: The Case of Greece -- 6.1 The Public Credit for Greece -- 6.2 Bailing Out Foreign Investors -- 6.3 Sudden Stop, Capital Flight and Current Account Finance -- Chapter 7: External and Internal Money -- 7.1 Some Definitions and Identities -- 7.2 External Money Crowds Out Internal Money: The Case of Germany -- Chapter 8: The QE Program and the Target balances -- 8.1 A Liquidity Flood Named QE -- 8.2 The Great Debt Restructuring -- 8.3 The Example of Italy -- 8.4 Triangular Transactions with Investors Outside the Eurozone -- Chapter 9: The Effective Rate of Interest on Target Balances -- 9.1 Why the Interest Problem Is Relevant -- 9.2 Legal Provisions for Intra-Eurosystem Interest Payments -- 9.3 Pooling: A Comprehensive Way of Calculating Intra-Eurosystem Interest on Target and Cash Balances -- 9.4 Primary Seignorage, Secondary Seignorage and the Definition of the Marginal Effective Rate of Interest on Target and Cash Balances -- 9.5 The Interest Formula -- 9.6 The Currently Negative Rate of Interest on Target and Cash Balances -- 9.7 Compound Interest and the Transfer of Liquidity and Income Chapter 10: Interest Spreads and Tiering -- 10.1 The Interest-induced Shift of Liquidity, Interest Spreads and the Elasticity of Local Money Supply -- 10.2 Differentiating the Interest Rates by Way of Tiering -- 10.3 The Effective Marginal Rate of Interest with Non-uniform Policy Rates -- 10.4 A Lesson to be Learned -- Chapter 11: The Corona Crisis -- 11.1 The Pandemic Infects the World -- 11.2 The Initial Impact of the Crisis on the Target Balances -- 11.3 The Rescue Measures -- Chapter 12: The Risks of Target and Cash Balances -- 12.1 Target and Cash Balances were Built Up in Exchange for Goods and Assets -- 12.2 Exit Risks, Exemplified by the Case of Italy -- 12.3 Risks of a Euro Break-Up -- 12.4 Risks without Exits -- 12.5 The Blackmailing Potential of Target and Cash Balances and the Dutch Disease -- Chapter 13: Conclusions and Policy Recommendations -- 13.1 The Findings of This Book -- 13.2 The Pros and Cons of Target and Cash Balances -- 13.3 Reform Options -- Correction to: The Economics of Target Balances -- References -- Statistical References -- Index Banks and banking, Central-European Union countries Wirtschaftspolitik (DE-588)4066493-4 gnd Makroökonomie (DE-588)4037174-8 gnd |
| subject_GND | (DE-588)4066493-4 (DE-588)4037174-8 |
| title | The Economics of Target Balances From Lehman to Corona |
| title_auth | The Economics of Target Balances From Lehman to Corona |
| title_exact_search | The Economics of Target Balances From Lehman to Corona |
| title_exact_search_txtP | The Economics of Target Balances From Lehman to Corona |
| title_full | The Economics of Target Balances From Lehman to Corona |
| title_fullStr | The Economics of Target Balances From Lehman to Corona |
| title_full_unstemmed | The Economics of Target Balances From Lehman to Corona |
| title_short | The Economics of Target Balances |
| title_sort | the economics of target balances from lehman to corona |
| title_sub | From Lehman to Corona |
| topic | Banks and banking, Central-European Union countries Wirtschaftspolitik (DE-588)4066493-4 gnd Makroökonomie (DE-588)4037174-8 gnd |
| topic_facet | Banks and banking, Central-European Union countries Wirtschaftspolitik Makroökonomie |
| work_keys_str_mv | AT sinnhanswerner theeconomicsoftargetbalancesfromlehmantocorona |