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This Selected Issues paper analyzes the housing prices, consumption, and the household debt overhang in the Netherlands … deleveraging is brought about through reduced household consumption, it can contribute to a protracted “balance sheet recessionâ …€ as appears to be the case in the Netherlands. This paper estimates a simultaneous equations model of the Dutch economy …
Persistent link: https://www.econbiz.de/10011244329
years. In particular, it examines the experiences of Denmark, Ireland, the Netherlands, and Spain—four countries in which …
Persistent link: https://www.econbiz.de/10011244480
The Netherlands is an AAA euro area (EA) economy with significant private sector imbalances. The main policy challenge …
Persistent link: https://www.econbiz.de/10011245753
The global financial crisis has tested the effectiveness of supervision under the “Twin Peaks†model. The crisis revealed the strengths of the “Twin International Peaks†model, as decisions were able to be made in a timely manner to contain the crisis, and clear divisions of...
Persistent link: https://www.econbiz.de/10011242550
This 2014 Article IV Consultation highlights that the Dutch economy continues to improve, supported by exports, rising housing prices, and improving sentiment. Exports are rising on expanding global trade, but consumption remains sluggish as indebted households continue to save. The external...
Persistent link: https://www.econbiz.de/10011243088
KEY ISSUES Context: The union’s current account deficit–the key economic vulnerability flagged in the previous (2011) consultation–has declined over the past few years, including thanks to fiscal adjustment in Curaçao. But it remains large. Curaçao’s growth and job creation remain...
Persistent link: https://www.econbiz.de/10011244026
Persistent link: https://www.econbiz.de/10010878426
This technical note on financing of the private sector for Mexico describes the evolution, composition, and determinants of financing to the nonfinancial private sector in Mexico between 2000 and 2005. Equity issuance has not played an important role in financing the private sector in Mexico...
Persistent link: https://www.econbiz.de/10011244184
This staff report on People’s Republic of China 2013 Article IV Consultation highlights macroeconomic developments and outlook. China has maintained robust growth since the global crisis, but the heavy reliance on credit and investment to sustain activity is raising vulnerabilities. The...
Persistent link: https://www.econbiz.de/10011244201
India’s financial system compares favorably internationally, but rising credit risk and liquidity pressures are putting it under strain. The staff report for India’s 2008 Article IV Consultation discusses economic developments and policies. The authorities have already taken...
Persistent link: https://www.econbiz.de/10011244299