Center for Financial Innovation and Stability

Email
Print Friendly
A A A

Publications

Notes from the Vault

photo of a bank vault door

The TARGET2 Settlement System in the Eurozone
Gerald P. Dwyer
March/April 2012

  • Positive and negative balances have built up in TARGET2, the payment system in the eurozone.
  • The negative balances are debts of national central banks backed by collateralized loans to private banks.
  • The positive balances generate interest for national central banks that  carry those balances, but the balances do not represent the risk exposure of the national central banks.

Notes from the Vault was on hiatus after the March/April 2012 post; it restarted in March 2013.

Archives    2009 | 2010 | 2011 | 2012 | 2013


 

Related Links


Related Links on Other Sites