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