Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/46340 
Year of Publication: 
2011
Series/Report no.: 
CESifo Working Paper No. 3500
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
The Target liabilities of the GIPS countries (Greece, Ireland, Portugal and Spain) amounted to314 billion euros in March 2011. They measure the additional central bank money that their corresponding National Central Banks (NCBs) have loaned in excess of the money needed to cover their domestic currency needs. This additional money was used by the GIPS to pay for a net inflow of goods and assets such as companies, stocks, government bonds or other banking claims.
Document Type: 
Working Paper
Appears in Collections:

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.