Hans Werner Sinn and Timo Wollmershaeuser’s Target Loans, Current Account Balances and Capital Flows: The ECB’s Rescue Faciliy. A Comment

  • Daniele SCHILIRÒ DESMaS, ‘V.Pareto’, University of Messina

Abstract

The present paper firstly examines and comments the arguments proposed by Werner Sinn and Wollmershaeuser in their paper: ‘Target loans, current account balances and capital flows: the ECB’s rescue facility’. Secondly, this contribution suggests an alternative view for solving the crisis in the eurozone adopting a coopetitive strategy and also regarding the role of the European Central Bank.

References

[1] Carfì D., and Schilirò D. 2011. Crisis in the Euro Area. Coopetitive Game Solutions As New Policy Tools, Journal Theoretical and Practical Research in Economic Fields, II(1): 23 – 36.
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[4] Feldstein M. S. 2011. The euro and European economic conditions, NBER Working Paper No. 17617, November.
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[8] Werner Sinn H., and Wollmershaeuser T. 2011. Target loans, current account balances and capital flows: the ECB’s rescue facility, NBER Working Paper 17626, November.
Published
2016-11-24
How to Cite
SCHILIRÒ, Daniele. Hans Werner Sinn and Timo Wollmershaeuser’s Target Loans, Current Account Balances and Capital Flows: The ECB’s Rescue Faciliy. A Comment. Journal of Advanced Research in Law and Economics, [S.l.], v. 4, n. 1, p. 66-69, nov. 2016. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/467>. Date accessed: 07 nov. 2024.
Section
Journal of Advanced Research in Law and Economics

Keywords

target loans, current account balances, capital flow, ECB’ rescue facilities, ECB’s role, coopetition