Title Euro-Dependence-A Peripheral Look beyond the Monetary Union: A Proposal of Reform of the TARGET2
Authors Barredo-Zuriarrain, Juan, MOLERO SIMARRO, RICARDO, Quesada-Solana, Alejandro, MOLERO SIMARRO, RICARDO
External publication No
Means Rev. Radic. Polit. Econ.
Scope Article
Nature Científica
JCR Quartile 4
SJR Quartile 1
JCR Impact 0.57900
SJR Impact 0.40900
Area International
Web https://www.scopus.com/inward/record.uri?eid=2-s2.0-85029925624&doi=10.1177%2f0486613417703958&partnerID=40&md5=0fcf8645aecc01244b17735ba0b4d540
Publication date 01/09/2017
ISI 000418173500004
Scopus Id 2-s2.0-85029925624
DOI 10.1177/0486613417703958
Abstract This paper seeks to present a proposal of reform of the TARGET2 (Trans-European Automated Real-Time Gross Settlement Express Transfer) system aimed to correct intra-European Union (EU) financial, trade, and productive imbalances. For this purpose, the proposal relies on the application of the Keynes Plan's principles to a regional integration process. Previously, the origins of the EU imbalances are traced to the shortcomings of the European monetary integration. Finally, the reforms needed to make the TARGET2 a rebalancing system are discussed in depth.
Keywords European Monetary Union; intra-EU imbalances; Keynes Plan; regional monetary systems; TARGET2 reform
Universidad Loyola members