Euro-dependence — a peripheral look beyond the Monetary union: a proposal of reform of the TARGET2

Juan Barredo-Zuriarrain (), Ricardo Molero-Simarro and Alejandro Quesada-Solana
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Juan Barredo-Zuriarrain: UPV / EHU - Universidad del País Vasco [Espainia] / Euskal Herriko Unibertsitatea [España] = University of the Basque Country [Spain] = Université du pays basque [Espagne], CREG - Centre de recherche en économie de Grenoble - UGA [2016-2019] - Université Grenoble Alpes [2016-2019]
Alejandro Quesada-Solana: UGR - Universidad de Granada = University of Granada

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Abstract: 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.

Keywords: European Monetary Union; intra-EU imbalances; Keynes Plan; regional monetary systems; TARGET2 reform (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (2)

Published in Review of Radical Political Economics, 2017, 49 (3), pp.375-393. ⟨10.1177/0486613417703958⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01585803

DOI: 10.1177/0486613417703958

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