Johannes Lindner

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This paper analyzes daily patterns in the settlement of payments in the European TARGET2 settlement system using a unique transaction-level data set. For the first time, we provide insights into the intraday patterns of bank-to-bank payments (a subset of all TARGET2 transactions) and identify intraday periods of highest activity. Next, we focus on the time(More)
Despite widespread calls for reforms of the EU budgetary procedure, the European Convention and, even more importantly, the Intergovernmental Conference seem to have generated only minor institutional adjustments. This paper aims to explore the lack of institutional change in the budgetary field. On the basis of a thorough analysis of the current budgetary(More)
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