ifo Lunchtime Seminar, June 28th, 2011.
Presentation by Prof. Hans-Werner Sinn based on the publication Target loans, current account balances and capital flows: the ECB’s rescue facility" (together with Timo Wollmershäuser), International Tax and Public Finance 19 (4), 2012, pp. 468-508; (updated version of CESifo Working Paper No. 3500, June 2011, and NBER Working Paper 17626, November 2011).