Pantheon Macroeconomics - The Eurozone's TARGET2 system is a clearing mechanism for the real-time settling of large payments between European financial intermediaries. It's an important piece of financial architecture, ensuring the smooth flow of transactions. But we struggle to see these flows containing much information for the economy.

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1 March 2017 Don't Fret over Rising TARGET2 Imbalances in the Eurosystem

By Claus Vistesen

The Eurozone's TARGET2 system is a clearing mechanism for the real-time settling of large payments between European financial intermediaries. It's an important piece of financial architecture, ensuring the smooth flow of transactions. But we struggle to see these flows containing much information for the economy.

Posted: 28th Feb 2017 in 'Eurozone Documents'

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