Euro Crisis Monitor

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Own Comments

• Westermann, Frank, "Sind fallende TARGET2-Salden ein Zeichen der Stabilisierung?", Ökonomenstimme, 02/08/2013.
• Westermann, Frank, "Für wen war der griechische Schuldenrückkauf ein Erfolg?", FAZ, 12/17/12.
• Westermann, Frank, "Two types of capital flight: Will a common deposit insurance help to stabilise the TARGET2 imbalances?", in "Banking Union for Europe - Risks and Challenges", A VoxEU.org Book, Centre for Economic Policy Research, London, 2012.
• Steinkamp, Sven & Frank Westermann, "What explains high interest rates in Europe?", VoxEU, 08/22/12.
• Tornell, Aaron & Frank Westermann, "The tragedy-of-the-commons at the European Central Bank”, VoxEU, 06/22/12.
• Tornell, Aaron & Frank Westermann, "Europe Needs a Federal Reserve", New York Times, 06/21/12.
• Tornell, Aaron & Frank Westermann, "Has the ECB hit a limit?", VoxEU, 03/28/12.
• Westermann, Frank, "Die Insolvenz von Staaten zulassen", NeueOZ, 02/20/12.
• Westermann, Frank, "Die Bundesbank in der Klemme", FAZ, 01/30/12.
• Tornell, Aaron & Frank Westermann, “Eurozone Crisis, Act Two: Has the Bundesbank reached its limit?“, VoxEU, 12/06/11.
• Tornell, Aaron & Frank Westermann, “Greece: The sudden stop that wasn’t“, VoxEU, 09/28/11.
• Egli, Dominik & Frank Westermann, "Wer profitiert wirklich von den Schuldenrückkäufen des EFSF?", Ökonomenstimme, 09/23/11.
  

Other Comments

• Marsh, David, "The Emminger letter reappears - Parallels between Cyprus and Bundesbank 1970s episodes", OMFIF, 04/02/13.
• Sinn, Hans-Werner & Akos Valentinyi, "European imbalances", VoxEU, 03/09/13.
• Schnabel, Gunter & Timo Wollmershäuser, "Nationale finanzpolitische Alleingänge, Leistungsbilanz -ungleichgewichte und die europäische Krise", Ökonomenstimme, 02/18/2013.
• Thimann, Christian, "Banking union should ease Target fears", Financial Times, 01/10/2013.
• Sinn, Hans-Werner, "TARGET losses in case of a euro breakup", VoxEU, 10/22/2012. German version: "Die Target-Verluste im Fall des Auseinanderbrechens des Euro–Eine Replik auf De Grauwe und Ji", ifo Schnelldienst 1/2013.
• De Grauwe, Paul & Yumei Ji, "What Germany should fear most is its own fear", VoxEU, 09/18/2012.
• Beck, Thorsten (Ed.), "Banking union for Europe - risks and challenges", A VoxEU.org Book, Centre for Economic Policy Research, London, 2012.
• Plickert, Philip, "Schlechterer Gläubigerstatus der EZB lässt Zinsen sinken", FAZ, 08/23/12.
• Birchler, Urs, "Ökonomenstreit: Beispiel Target 2", Batz.ch, 07/07/12.
• Krämer, Walter: Economists' appeal from 5th July 2012, signed by 275 German-speaking economists.
• Kaminska, Izabella, "Eurozone as a tragedy of the commons", Financial Times Alphaville, 06/22/12.
• Kaminska, Izabella, "*That* Target2 presentation", Financial Times Alphaville, 06/27/12.
• Whittaker, John, "Eurosystem Central Banks and the TARGET2 Debt Debate", QFinance, 06/26/12.
• Norris, Floyd, "Amid Uncertainty on Euro, Europeans Hedge Their Bets", The New York Times, 05/31/12.
• Burda, Michael, "Hume on hold?", VoxEU, 05/17/12.
• Sinn, Hans-Werner: "Die europäische Fiskalunion", Egon-Sohmen-Memorial-Lecture, 04/26/2012.
• Evans-Pritchard, Ambrose, "German tempers boil over back-door euro rescues", The Telegraph, 04/12/12.
• Thimann, Christian, “ECB Inflation-fighting powers remain intact”, VoxEU.org, 03/30/2012.
• Jones, Claire, "Keeping track of those Target2 balances", Financial Times Money Supply, 03/25/12.
• Kaminska, Izabella, "Zur problematik der TARGET2", Financial Times Alphaville, 03/13/12.
• Weidmann, Jens, "Was steckt hinter den Target2-Salden?", FAZ, 03/13/12.
• Sinn, Hans-Werner, "Fed versus ECB: How Target debts can be repaid", VoxEU, 03/10/12.
• Marsh, David, "Weidmann reawakens debate on Bundesbank’s power", Marketwatch, 03/05/2012.
• Ruhkamp, Stefan, "Die Bundesbank fordert von der EZB bessere Sicherheiten", FAZ, 02/29/12.
• Evans-Pritchard, Ambrose, "Bundesbank sinks deeper into debt saving Europe", Telegraph, 02/01/2012
• Kuehnen, Eva, "Critics worry about ECB nonchalance over payments stress", Chicago Tribune, 02/10/12.
• Plickert, Philip, "Die Zeitbombe der Bundesbank", FAS, 01/29/12.
• Wolf, Martin, "What has the ECB done in the crisis? The role of TARGET balances", Financial Times Martin Wolf's Exchange, 12/28/11.
• Coy, Peter, "Germany's Hidden Risk", Bloomberg Businessweek, 12/14/11.
• Kaminska, Izabella, "How Germany is paying for the Eurozone crisis anyway", Financial Times Alphaville, 12/06/11.
• Thiele, Carl-Ludwig, "Zahlungsverkehr und Wertpapierabwicklung in Europa – Heute und Morgen", Empfang der Bundesbank, 11/22/11.
• Marsh, David, "Euroland wird auf einen harten Kern reduziert" FAZ, 07/07/2011.
• Wolf, Martin, "The eurozone's intolerable choices", Business Spectator, 06/01/11.
• Krugmann, Paul, "The Euro Living Dangerously", The New York Times Opinion Pages, 06/01/11.
• Sinn, Hans-Werner, "The ECB’s stealth bailout", VoxEU, 06/01/11.
• Sinn, Hans-Werner, "Deep Chasms", Ifo Viewpoint No. 122, 03/29/11. Also published as "Neue Abgründe", Wirtschaftswoche, 02/21/11.
• Gros, Daniel, "Liquidate or liquefy?" CEPS commentary, 10/25/10.