Euro Symbol outside ECB. MPD01605 @Flickr.com Euro Symbol outside ECB. MPD01605 @Flickr.com

GED Explains: Target Balances and Trade Imbalances
What do the sharp rises in target balances mean and how did this happen?


  The Target system is a payment system that clears payments within the Eurosystem (European Central Bank and national central banks). The balances of the national central banks connected to this payment system were more or less zero in the early years. However, there have been sharp rises in Target balances since the financial and […] More ...

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