There is an intense though often technical debate about the large balance sheet positions of the euro area’s national central banks (NCBs). These positions are known as “Target balances” after the settlement system through which payments are managed across the single currency area. In the debate, launched by German economist Hans-Werner Sinn, rising imbalances in the Target system have been criticised as reflecting unwarranted external financing for stressed nations and hidden risks for other countries.
针对欧元区各国家中央银行(NCB)的巨额资产负债表头寸，目前存在激烈争论，不过这一争论通常是技术层面上的。依照目前的结算系统，这些头寸被命名为“泛欧自动实时全额结算快速转账系统(Target)余额”，整个欧元区的支付都在这个结算系统中进行管理。这一争论由德国manbetx20客户端下载 学家汉斯-维尔纳•辛恩(Hans-Werner Sinn)发起，争论中有人批评称，Target系统的失衡不断加剧，反映的是银根紧张国家的无担保外部融资，以及其他国家面临的潜在危机。
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