Talk:TARGET2

Badly written sentence needs a rewrite

This sentence has a problem. It doesn't make much sense as written and clearly needs to be rewritten for clarification. I don't know how to do that, but I hope somebody else may. StephenFerg (talk) 20:14, 29 June 2015 (UTC)

"Hence, a country's Target liabilities also indicate the extent to which its central bank has replaced the capital markets to finance its current account deficit, as well as any possible capital flight, by creating new central bank money through corresponding refinancing credit."

Missing/wrong reference deleted & original external sources added

Deleted Reference number 7. Didn´t make any sense as also the next sentence referred to Sinn and Wollmershäuser. Deleted Springer Link since this an external page where the original published document can be aditionally found. The original source is the cesifo-group.org website. Please aslo see: http://www.cesifo-group.org/ifoHome/publications/docbase/details.html?docId=18360609 for the new external source. Of course it´s absolutely legal as well and also free of charge for the comunity. Demian11 16:15, 23 December (UTC)

Slovakia joined TARGET2 too

This article needs to be updated as for example Slovakia joined TARGET2 too:

Reference: A very recent example is Slovakia, which adopted the euro on 1 January 2009. On the next day, Národná banka Slovenska and its national user community started sending/receiving euro payments via TARGET.

source

Probably also many other countries joined Target2... —Preceding unsigned comment added by 88.146.209.246 (talk) 10:03, 11 September 2009 (UTC)

Up-to-date status

I did some work here last month and again today. While I'm not convinced everything's up-to-date I felt today the template was no longer appropriate. (The above item on Slovakia for the record had been handled before I arrived.) I hope for discussion here if there's disagreement. Thanks. Swliv (talk) 20:47, 27 February 2012 (UTC)

Follow-up: Proposal to re-name article

With another yet-higher-profile attention to the system, this from JWeidmann in his own words albeit just "leaked", it now seems clear this article should be re-named to reflect the current subject, TARGET2. If there are no objections, I'd work to effect that change or anyone else could. I would not see eliminating any substantial content with a name change, just furthering the "flip" from 1 to 2 I started last week or earlier. More work generally is still needed on the article but we're starting to broaden sources and provide a credible platform for ongoing improvement, it seems (excitingly, in narrow Wiki terms; and in the "connect the [relatively] arcane to current events [well, the headlines]" sense) to (ex-banker) me. (We'll get at that "low importance" tag above, eh? Though hopefully not in a time of total crisis ....)

Cheers. Swliv (talk) 16:28, 8 March 2012 (UTC)

Proposing move

There is a redirect page by the name TARGET2 which directs to the TARGET2 section of the TARGET page. The redirect page has been edited once so I cannot do the move myself. I have proposed a speedy delete of the redirect page so I can then make the move of the TARGET page to TARGET2.

TARGET will become a redirect page to TARGET2.

The reason I've cited there: TARGET2 is now the operational name of the Euro payments system originally called TARGET.

If there are any objections register them here but also at the redirect page if it's still there. Swliv (talk) 01:48, 22 March 2012 (UTC)

I ask the source of the image

I'd like to know where it was found or what data was reconstructed image exposure of various countries...

Similar data were found at eurocrisismonitor.com - I believe the Osnabruck University this is where Jashuah found data in the first place. However, it is not fair to the that their tag was deleted from the picture (and it is also missing the most interesting part). I will put the actual chart here instead. — Preceding unsigned comment added by Šedý (talk • contribs) 12:37, 12 December 2013 (UTC)

Hard to read

This page seems written by (central) bankers for the benefit of (central) bankers. There's little in the way of helping general public uderstanding.

85.159.196.61 (talk) 10:29, 25 November 2012 (UTC)

Cyprus Eurozone Crisis

The example given of international trade in the introduction is helpful to people like me who are new to this.

Perhaps it might be expanded to explain how the commercial banks and national central banks effectively pass the payment due and receipt up the chain to the ECB. I understand that by this the National Banks create a sort of net position with the ECB, which has a corresponding mirror position with the National Banks. The Commercial Banks have similar relationships with their National Banks perhaps?

Further it would be helpful to see how a domestic settlement in the Eurozone works. Does it involve the ECB, or stop at the National Bank level? It might not be strictly Target 2, but it could help to have this as a contrast.

At the time of writing this, we face a real Eurozone banking crisis where at least two major Banks in Cyprus have failed. It would be interesting if someone could explain how this fits in with Target2 and what happens at the ECB and at Cyprus central bank to the positions of the local banks relative to each other and of course Banks outside Cyprus (exporters banks?). I feel that this real life example provides a good opportunity to set out the system more cogently and to highlight the inherent risks.

Johnny Cyprus (talk) 16:32, 27 March 2013 (UTC)

EU or EuroZone

Article starts "TARGET2 is an interbank payment system for the real-time processing of cross-border transfers throughout the European Union" but only seems to mention Euro transfers. Should it clarify that Target2 is only used for Euro transfers between members of the eurozone or can someone correct please ? Is it only for cross-border payments or can it be used for payments within a single eurozone member ? - Rod57 (talk) 00:08, 16 May 2014 (UTC)

External links modified

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Potential copyright violation

This edit linked above added a statement saying that article content was taken from the European Central Bank website. Mauls (talk) 11:49, 29 May 2019 (UTC)