Target2 imbalances are rising, should we worry?
Published on Tuesday, January 31, 2017 | Updated on Tuesday, January 31, 2017
Target2 imbalances are rising, should we worry?
Summary
Target2 imbalances are reaching 2012 levels, linked to the ECB APP and not to the stress in financial markets. However, this imbalance poses some questions on how the APP is working and on EZ fragmentation.
Geographies
- Geography Tags
- Global
Topics
- Topic Tags
- Central Banks
Authors
Sonsoles Castillo
BBVA Research - Chief Economist for Financial and Economic Analysis
Cristina Varela
BBVA Research - Principal Economist