TARGET2-Problematik - Europäische Integration des Finanzsektors mit Nebenwirkungen
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TARGET2-Problematik - Europäische Integration des Finanzsektors mit Nebenwirkungen

TARGET2-Problematik - Europäische Integration des Finanzsektors mit Nebenwirkungen


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About the Book

Die letzten Jahrzehnte waren durch starke strukturelle und historisch bedeutende Veränderungen gezeichnet, die unser Leben prägen sollten. Zum einen dehnte sich die technische Entwicklung weiter aus und drang in immer mehr Lebensbereiche vor. Nachrichten werden heute per App empfangen, Briefe durch E-Mails substituiert und Geld mit Hilfe elektronischer Hilfsmittel immer schneller und kostengünstiger transferiert. Elektronische Abrechnungssysteme, wie bspw. das Real Time Gross Settlement (RGTS) System, vereinfachten und beschleunigten den Zahlungsverkehr zwischen den Staaten enorm. Jedoch entstand daraus natürlich auch eine Fülle unterschiedlicher länderspezifischer Abrechnungssysteme. Zum anderen wurde der Europäische Integrationsprozess weiter vorangetrieben und 1992 wurde in Maastricht eine Gemeinsame Währungsunion beschlossen. Im Zuge der Implementierung der monetären Union 1999 wurde eine Integration der unterschiedlichen Zahlungs- und Abrechnungssystem unabdingbar. Dazu musste ein universelles System eingeführt werden, das die nationalen Systeme verbindet bzw. ersetzt. Das TARGET-System war geboren. Die Nachfolgeversion TARGET2 sollte Probleme der ersten Version beheben und den Zahlungsverkehr noch effizienter gestalten. Jedoch ergaben sich in Folge der Finanzkrise 2008 auch erhebliche Probleme mit diesem System. Es akkumulierten sich aufgrund des Funktionsmechanismus TARGET2s riesige Beträge in den Bilanzen der Zentralbanken (ZB), die Haftungsrisiken und andere Auswirkungen mit sich brachten. Die Entdeckung der Salden in der Bilanz der Europäischen Zentralbank (EZB) durch Prof. Dr. Hans-Werner Sinn und die Veröffentlichung dieser Problematik in der Wirtschaftswoche beschäftigte in der Folge viele Ökonomen, die sich seither zahlreichen kontroversen Diskussionen hingeben. Dabei geht es vor allem um die Deutung dieser Salden und ihre implizierten Risiken für die EU und die nationalen Staaten der europäischen Währungsunion. Eine genaue ökonomische Analyse dieser


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Product Details
  • ISBN-13: 9783956843792
  • Publisher: Bachelor + Master Publishing
  • Sub Title: Analyse der Ursachen der TARGET2-Salden und mögliche Lösungsszenarien
  • ISBN-10: 3956843797
  • Publisher Date: 14 Apr 2014


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