What are the Creditor Countries’ True Exposures Under TARGET 2?

Ever since concerns were first voiced in Germany about the Bundesbank’s exposure to the Eurosystem’s payment and settlement system known as TARGET2, the Bundesbank itself has sought to assuage such concerns. In its March 2011 Monthly Report , the Bundesbank accepted that TARGET exposures (...)

Taxing corporations: why it is not only bad, but unjust

How much of today’s inequality is unfair?
By Pablo Duarte

WP 2020-03.

Is the European Central Bank implementing surreptitious debt monetization?

There are situations in which people are all but obliged to act differently from what they preach. The latest example was provided the president of the European Central Bank (ECB) Christine Lagarde. In mid-March, she declared that the European Central Bank «is not here to close spreads». By (...)

Taxation in Europe - Yearbook 2013
The yearly report on the evolution of European tax systems

Anti-Piketty
Capital for the 21st Century