IDEAS home Printed from https://ideas.repec.org/a/ces/ifosdt/v69y2016i06p30-40.html
   My bibliography  Save this article

Euro-Geldschöpfung durch die Mitgliedstaaten: Gefahren aus nationalem Zusatzgeld

Author

Listed:
  • Dirk Meyer

Abstract

Dirk Meyer, Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg. zeigt die rechtlichen Grundlagen der ELA-Kredite, anderer Wertpapierkäufe im Rahmen des Agreement on Net Financial Assets (ANFA) und der Transaktionen im Rahmen des Target-2-Systems auf und diskutiert ihre Gefahren für die EWU.

Suggested Citation

  • Dirk Meyer, 2016. "Euro-Geldschöpfung durch die Mitgliedstaaten: Gefahren aus nationalem Zusatzgeld," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 69(06), pages 30-40, March.
    • Handle: RePEc:ces:ifosdt:v:69:y:2016:i:06:p:30-40
    as

    Download full text from publisher

    File URL: https://www.ifo.de/DocDL/sd-2016-06-meyer-eurogeldschoepfung-2016-03-24.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Winkler Adalbert, 2015. "The ECB as Lender of Last Resort: Banks versus Governments," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 235(3), pages 329-341, June.
    2. Hans-Werner Sinn, 2011. "Target-Salden, Außenhandel und Geldschöpfung," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 64(09), pages 23-25, May.
    3. Meyer Dirk, 2015. "Comment on Adalbert Winkler, The ECB as Lender of Last Resort: Banks versus Governments," Journal of Economics and Statistics (Jahrbuecher fuer Nationaloekonomie und Statistik), De Gruyter, vol. 235(3), pages 345-348, June.
    4. Stefan Kooths & Björn Roye, 2012. "Nationale Geldschöpfung zersetzt den Euroraum," Wirtschaftsdienst, Springer;ZBW - Leibniz Information Centre for Economics, vol. 92(8), pages 520-526, August.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Arne Hansen & Dirk Meyer, 2019. "ANFA und das Zahlungsverkehrssystem TARGET2 – Zwei Konzepte zur national-autonomen Geldschöpfung im Eurosystem," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 72(13), pages 12-22, July.
    2. Dirk Meyer, 2016. "Italienische Bankenrettung – EU-Abwicklungsrichtlinie und ein ›italienischer Weg‹," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 69(16), pages 33-42, August.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Boysen-Hogrefe, Jens & Gern, Klaus-Jürgen & Groll, Dominik & Jannsen, Nils & Kooths, Stefan & Plödt, Martin & Schwarzmüller, Tim & van Roye, Björn & Scheide, Joachim, 2014. "Finanz- und Wirtschaftspolitik bei einer anhaltenden monetären Expansion," Kieler Beiträge zur Wirtschaftspolitik 5, Kiel Institute for the World Economy (IfW Kiel).
    2. König, Jörg, 2016. "Von der Währungs- zur Transferunion," Argumente zur Marktwirtschaft und Politik 132, Stiftung Marktwirtschaft / The Market Economy Foundation, Berlin.
    3. Engelbert Stockhammer & Collin Constantine & Severin Reissl, 2020. "Explaining the Euro crisis: current account imbalances, credit booms and economic policy in different economic paradigms," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 43(2), pages 231-266, April.
    4. Walterscheid, Heike, 2014. "Staatsverschuldung, Banken und Demokratie: Die Bedeutung von Sinnverbund und der Einheit von Handeln und Haften in der Schuldenkrise der EWU," Beiträge zur Jahrestagung 2014 (Goettingen) 107397, Verein für Socialpolitik, Ausschuss für Wirtschaftssysteme und Institutionenökonomik.
    5. Smeets, Heinz-Dieter, 2011. "Staatsschuldenkrise in Europa: Ist die Finanzierung der Schuldnerländer alternativlos?," DICE Ordnungspolitische Perspektiven 20, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    6. Ansgar Belke & Christian Dreger, 2011. "Ramifi cations of Debt Restructuring on the Euro Area – The Example of Large European Economies’ Exposure to Greece," Ruhr Economic Papers 0273, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, Ruhr-Universität Bochum, Universität Dortmund, Universität Duisburg-Essen.
    7. Sell, Friedrich L. & Sauer, Beate, 2011. "A further view on current account, capital account and Target2 balances: Assessing the effect on capital structure and economic welfare," Working Papers in Economics 2011,2, Bundeswehr University Munich, Economic Research Group.
    8. Boysen-Hogrefe, Jens & Gern, Klaus-Jürgen & Groll, Dominik & Jannsen, Nils & Kooths, Stefan & Plödt, Martin & van Roye, Björn & Scheide, Joachim & Schwarzmüller, Tim, 2015. "Das europäische Verfahren zur Vermeidung und Korrektur makroökonomischer Ungleichgewichte: Auswertung der bisherigen Erfahrung und mögliche Reformansätze," Kieler Beiträge zur Wirtschaftspolitik 7, Kiel Institute for the World Economy (IfW Kiel).
    9. Belke, Ansgar & Dreger, Christian, 2011. "Ramifications of Debt Restructuring on the Euro Area – The Example of Large European Economies' Exposure to Greece," Ruhr Economic Papers 273, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    10. Berthold, Norbert & Braun, Stella & Coban, Mustafa, 2014. "Das Scheitern historischer Währungsräume: Kann sich die Geschichte auch für die Eurozone wiederholen? [Fail of Historical Currency Areas: Will History Repeat Itself in Case of the Euro Zone?]," Discussion Paper Series 127, Julius Maximilian University of Würzburg, Chair of Economic Order and Social Policy.
    11. repec:zbw:rwirep:0273 is not listed on IDEAS
    12. Lokdam, Hjalte, 2020. "We serve the people of Europe: reimagining the ECB's political master in the wake of its emergency politics," LSE Research Online Documents on Economics 111873, London School of Economics and Political Science, LSE Library.
    13. Wojciech Grabowski & Ewa Stawasz-Grabowska, 2021. "How have the European central bank’s monetary policies been affecting financial markets in CEE-3 countries?," Eurasian Economic Review, Springer;Eurasia Business and Economics Society, vol. 11(1), pages 43-83, March.
    14. Smeets, Heinz-Dieter, 2012. "Zum Stand der Staatsschuldenkrise in Europa," DICE Ordnungspolitische Perspektiven 30, Heinrich Heine University Düsseldorf, Düsseldorf Institute for Competition Economics (DICE).
    15. Winkler Adalbert, 2018. "Zehn Jahre nach dem Konkurs von Lehman Brothers: Ordnungspolitische Irrtümer in der Bewertung der EZB-Geldpolitik seit der globalen Finanzkrise," Perspektiven der Wirtschaftspolitik, De Gruyter, vol. 19(2), pages 141-162, July.
    16. Hjalte Lokdam, 2020. "‘We Serve the People of Europe’: Reimagining the ECB's Political Master in the Wake of its Emergency Politics," Journal of Common Market Studies, Wiley Blackwell, vol. 58(4), pages 978-998, July.

    More about this item

    Keywords

    Geldschöpfung; Geldpolitik; Eurozone;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ces:ifosdt:v:69:y:2016:i:06:p:30-40. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Klaus Wohlrabe (email available below). General contact details of provider: https://edirc.repec.org/data/ifooode.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.