Barredo-Zuriarrain, Juan , MOLERO SIMARRO, RICARDO, Quesada-Solana, Alejandro

No

Rev. Radic. Polit. Econ.

Article

Científica

✗

✓

0.579

0.409

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85029925624&doi=10.1177%2f0486613417703958&partnerID=40&md5=0fcf8645aecc01244b17735ba0b4d540

01/09/2017

000418173500004

2-s2.0-85029925624

10.1177/0486613417703958

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.

European Monetary Union; intra-EU imbalances; Keynes Plan; regional monetary systems; TARGET2 reform