Article in Journal
Euro Money Creation by Member States: the Dangers of Extra National Money
Dirk Meyer
ifo Institut, München, 2016
ifo Schnelldienst, 2016, 69, Nr. 06, 30-40
ifo Institut, München, 2016
ifo Schnelldienst, 2016, 69, Nr. 06, 30-40
Dirk Meyer, Helmut-Schmidt-University, Universität der Bundeswehr Hamburg, shows the legal foundations of ELA credit, other bond purchases in as part of the Agreement on Net Financial Assets (ANFA) and transactions in the framework of the Target-2 system; and discusses the threats that they pose to EMU.
JEL Classification: E520, E580