TARGET2 Imbalances – analysis of accounting and risk
Published on 10 November 2020
We visited the Bundesbank in December 2019 to discuss the large imbalances in TARGET2, and to discover how these imbalances were derived from the 600 original account balances.
These are the balances on the 600 nostro and vostro accounts held between the 24 TARGET2-participating National Central Banks and the ECB itself.
We were […]