Rechtliche Probleme der Ausgestaltung von Zahlungsverkehrssystemen in der Europäischen Wirtschafts- und Währungsunion

The payment system TARGET2 processes and settles national and cross-border payments rapidly and finally in central bank money. The so-called TARGET2 balances that occur are critically discussed by economists and have attracted the attention of the general public.
This work reviews the framework of the design of payment transactions in the European Monetary Union for the first time from a European and German constitutional law perspective. It analyses the historical aspects of the European Monetary Union, the payment system TARGET2, how the TARGET2 balances occur and their significance as well as their legal assessment and potential legal consequences of a break up of the eurozone.
This work is part of the series “Schriften zum Finanzrecht und Währungsrecht”, volume 3.