region. Nevertheless, the analysis of balance-of-payments flows also reveals that some other types of financial flows …, normally not captured by the traditional simple measures (e.g. financial derivative flows), may also significantly affect the … overall balance of payments – particularly at moments of heightened financial market tensions. As a result, a broader …

, the Dutch economy was assessed initially to be relatively well prepared to weather the financial and economic crisis. In … 2008, however, the negative effects of the financial crisis became apparent and economic growth came to a grinding halt …