TY - GEN AU - Malmierca Ordoqui, MarĂ­a PY - 2020 UR - http://hdl.handle.net/20.500.12766/380 AB - The cross-border payment transactions between countries of the Eurosystem originate the TARGET balances of the national central banks vis-a-vis the European Central Bank. This payment platform contributes to financial integration in the Euro Area,... LA - eng PB - SSRN TI - Do TARGET Balances Determine the Macroprudential Policy Effects? DO - 10.2139/ssrn.3541771 KW - International financial markets KW - Public leverage KW - Stabilization ER -