Economics of Target Balances

Discover the intricacies of the Eurosystem with Economics of Target Balances by renowned economist Hans-Werner Sinn. Published by Springer Nature Switzerland AG in 2020, this insightful book spans 146 pages and delves into the often-overlooked concept of target balances, which represent a significant component of the balance sheets of national central banks (NCBs). Despite their importance, target balances remain largely misunderstood by both the public and the economics community. In this first edition, Sinn provides a thorough analysis that sheds light on these critical financial instruments, making it an essential read for anyone interested in European economic policy and central banking dynamics. Enhance your understanding of the financial mechanisms that underpin the Eurosystem and gain valuable insights from one of the leading voices in economics.