Fascinated by the Target2 debate, but your obsession hasn’t quite reached the levels where you’re willing to keep a beady eye fixed on all of the seventeen national central banks’ balance sheets?
Help is at hand in the form of this handy graphic and Excel file (last updated yesterday) pulled together by a team at Institute of Empirical Economic Research at the University of Osnabrück in Germany (hat tip to David Marsh at OMFIF for the link):
The page also provides links to papers explaining what Target2 is and some of the more noteworthy articles that have formed part of the debate. However, the articles mentioned, for the most part, take the view that the Target2 imbalances represent a serious risk to Germany’s economic well-being. For an alternative opinion, it’s worth looking at what Karl Whelan, professor at University College Dublin, has been writing on the topic.