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Target-Kredite, Leistungsbilanzsalden und Kapitalverkehr: Der Rettungsschirm der EZB


  • Hans-Werner Sinn
  • Timo Wollmershäuser


Target-Kredite im Eurosystem – Die Stellungnahmen der Bundesbank – Was sind Target-Salden? – Kreditverlagerung – Zur ökonomischen Interpretation der Kreditverlagerung – Target-Kredite, Leistungsbilanz und Kapitalverkehr – Fünf vor zwölf – Target-Salden in den USA – Anhang: Antwort auf die Kritiker

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  • Hans-Werner Sinn & Timo Wollmershäuser, 2011. "Target-Kredite, Leistungsbilanzsalden und Kapitalverkehr: Der Rettungsschirm der EZB," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64, pages 01-29, June.
  • Handle: RePEc:ces:ifosdt:v:64:y:2011:i::p:01-29

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    Internationaler Zahlungsverkehr; Auslandsverschuldung; Leistungsbilanz; Zahlungsbilanzungleichgewicht; Kapitalmobilität; Europäische Wirtschafts- und Währungsunion; Zentralbank; Griechenland; Irland; Portugal; Spanien; Eurozone;

    JEL classification:

    • F32 - International Economics - - International Finance - - - Current Account Adjustment; Short-term Capital Movements
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems


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