Download or read book Money Demand in the Netherlands written by Mr.Bob Traa and published by International Monetary Fund. This book was released on 1991-06-01 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the demand for narrow money balances in the Netherlands. Demand for narrow money balances had increased markedly in relation to GNP in the Netherlands throughout the 1980s. This phenomenon could not be explained satisfactorily with traditional Goldfeld-type money demand functions which had performed well until that time. Drawing on advances in dynamic modeling from the error corrections and cointegration literature, and incorporating yield-curve effects and the exchange rate of the guilder with the U.S. dollar as additional monetary indicators significantly improves the performance of money demand estimates.
Download or read book Money Demand in the Netherlands written by Bob Traa and published by . This book was released on 2013 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper analyzes the demand for narrow money balances in the Netherlands. Demand for narrow money balances had increased markedly in relation to GNP in the Netherlands throughout the 1980s. This phenomenon could not be explained satisfactorily with traditional Goldfeld-type money demand functions which had performed well until that time. Drawing on advances in dynamic modeling from the error corrections and cointegration literature, and incorporating yield-curve effects and the exchange rate of the guilder with the U.S. dollar as additional monetary indicators significantly improves the performance of money demand estimates.
Download or read book The Demand for Money in the Netherlands and the Other EC Countries written by M. M. G. Fase and published by . This book was released on 1992 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Demand for Money in the Netherlands and the Other EC Countries written by Martinus Maria Gerardus Fase (econoom) and published by . This book was released on 1993 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Sector Reform and Monetary Policy in the Netherlands written by Mr.Paul Louis Ceriel Hilbers and published by International Monetary Fund. This book was released on 1998-02-01 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial sector liberalization, both domestic and in cross-border transactions, was a major force behind the gradual move to indirect controls and the shift toward full reliance on exchange rate targeting in the Netherlands. This paper analyzes the different steps in this process, discusses the main arguments behind the gradual approach, and draws lessons for other countries involved in this process. The paper argues that reforms in the financial sector, liberalization of the capital account, adjustments in supervision and regulation, and modernization of monetary management are strongly interrelated and should be part of a comprehensive reform strategy.
Download or read book The Netherlands written by International Monetary Fund and published by International Monetary Fund. This book was released on 1999-07-23 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: The striking turnaround in the Netherlands economic performance over the past decade and a half has attracted widespread attention. Emerging from deep recession and high unemployment in the early 1980s, the economy shifted to a pace of growth more rapid than that in neighboring economies, and posted a rise in employment close to that in the United States. However, a number of important problems remain to be tackled to further strengthen economic performance in the Netherlands. The material presented in this paper was originally prepared as background for discussions in the IMF Executive Board and takes account of developments through March 1999.
Download or read book Developments of Monetary Theory in the Netherlands written by Frits J. de Jong and published by . This book was released on 1973 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The market for money and the market for credit written by P. Korteweg and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt: In most Keynesian-type macroeconomic models the financial sector is modelled in terms of money demand, money supply and money market equilibrium. The market equations for private and government debt, i.e. credit, are implicit in these models by virtue of Walras' Law and need not be explicitly specified. Market equations for existing physical capital, or shares in capital, are absent from these models on the tacit assumption that physical capital cannot be traded and, consequently, has no market price. Money in these models is a substitute for private and government debt, not for current output, let alone for physical capital (or claims thereon). Models with these characteristics have three basic weaknesses. They narrow down the monetary transmission mechanism to a small subset of assets. Moreover, they produce downward-biased estimates of the degree of controllability of money in open economies if money and claims on physical capital are actually substitutes. Finally, these models are ill-suited to analyze adequately the effects of open market operations and of financing government budget deficits which change the stocks of money and debt.
Download or read book Kingdom of the Netherlands Netherlands written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2017-04-03 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper focuses on a steady increase in current account surpluses in ”Surplus 3” countries—Germany, the Netherlands, and Switzerland—since the mid-1990s. In Germany and the Netherlands, nonfinancial corporations seem to be behind the rising surpluses. In these countries, increasing corporate profits have not been converted into dividends, keeping a lid on consumption. In Switzerland, household savings seem to explain the bulk of the current account surplus: both mandatory and voluntary savings have been on an increasing trend since 2000. Trending net contributions to pension funds since 2000 and rising equity contribution for housing purchases are likely drivers.
Download or read book Netherlands written by International Monetary Fund and published by International Monetary Fund. This book was released on 1995-06-08 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper describes economic developments in the Kingdom of the Netherlands during the 1990s. Following a slowdown in 1991–92, the Dutch economy experienced a mild recession in 1993 with GDP growth falling to about 1⁄2 percent. Output was sustained by external demand, which contributed nearly 1 percentage point to GDP growth, while domestic demand fell by 1⁄2 percent. Business investment decreased by 3 percent as a result of reduced profits and a low rate of capacity utilization, while the contribution to GDP of lower stockbuilding was –1⁄2 percentage point.
Download or read book The Netherlands written by International Monetary Fund and published by International Monetary Fund. This book was released on 1999-07-23 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt: The striking turnaround in the Netherlands' economic performance over the past decade and a half has attracted widespread attention. Emerging from deep recession and high unemployment in the early 1980s, the economy shifted to a pace of growth more rapid than that in neighboring economies, and posted a rise in employment close to that in the United States. However, a number of important problems remain to be tackled to further strengthen economic performance in the Netherlands. The material presented in this paper was originally prepared as background for discussions in the IMF Executive Board and takes account of developments through March 1999.
Download or read book Instruments of Money Market and Foreign Exchange Market Policy in the Netherlands written by Emile den Dunnen and published by Springer Science & Business Media. This book was released on 1985-09-30 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Money Demand in Europe written by Helmut Lütkepohl and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 266 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1999 a number of member states of the European Union will adopt a common currency. This change in the monetary system requires that a Eur opean Central Bank is set up and a common monetary policy is pursued. There is general agreement among those countries which are likely to join the common currency that price level stability has to be the ultimate objec tive of monetary po1icy. It is an open issue, however, what kind of policy is best suited for that purpose. The alternative strategies under discussion are a direct inflation targeting, an intermediate monetary targeting or a mixture of both. For these policy strategies a stable money demand relation is of cen tral importance. Therefore a workshop on Money Demand in Europe was organized at the Humboldt University in Berlin on October 10/11, 1997. This research conference brought together academic and central bank econo mists and econometricians predominantly from Europe to discuss issues on specification, estimation and, in particular, stability of money demand rela tions both in a single equation and in a systems framework. In this volume revised versions of the papers presented and discussed at the workshop are collected. The volume thereby gives an overview of money demand analysis in Europe on the eve of the introduction of the Euro in some European countries. It contributes to the discussion on a suitable monetary policy for the new European Central Bank.
Download or read book The Volume of Payments and the Informal Economy in the Netherlands 1965 1982 written by W.C. Boeschoten and published by Springer. This book was released on 1984-10-31 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study provides an estimate of the size of the informal economy in the Nether lands in the period 1965-1982. In this study the informal economy has been defined statistically as that part of the non-registered national product which involves monet ary transactions. Bartering activities and transactions outside the market are thus left completely out of consideration. The same is true of those market transactions which, despite their illegal or underground nature, are already included in the national pro duct published by the Central Bureau of Statistics (CBS) because of its measuring methods. According to the CBS (1983a) these transactions account for 5 to 10% of national income. This means that the estimate of the informal economy will be smal ler when the statistical registration is more comprehensive and a wider starting point is chosen than the market. The term underground economy as used in a fiscal context therefore means something else than the statistical term informal economy used in this study I. The phenomenon of the informal economy emanates partly from the usual measuring conventions; at the same time it is also an expression of economic behav iour motivated by economic incentives and conditions which aims to keep such econ omic dealing concealed. This study attempts to quantifY the size of that informal economy partly on the basis of economic behaviour. Observable monetary trans actions were the main starting point.
Download or read book Kingdom of the Netherlands Netherlands written by International Monetary Fund. European Dept. and published by International Monetary Fund. This book was released on 2014-12-05 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: This Selected Issues paper analyzes the housing prices, consumption, and the household debt overhang in the Netherlands. Deflated housing prices that were fueled by robust borrowing often leave in their wake households with heavy debt burden. This “debt overhang” forces households into deleveraging—reducing their level of debt to sustainable levels. When deleveraging is brought about through reduced household consumption, it can contribute to a protracted “balance sheet recession” as appears to be the case in the Netherlands. This paper estimates a simultaneous equations model of the Dutch economy using a three-stage least squares approach. Empirical results are supportive of the hypothesis that housing prices strongly affect private consumption.
Download or read book Kingdom of the Netherlands Netherlands written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2017-04-03 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Netherlands has a large and globally interconnected financial system, with assets nearly eight times gross domestic product (GDP). The country is home to a globally systemically important bank (G-SIB) and a globally systemic important insurer (G-SII). The banking system comprises half of the financial sector and is concentrated in four domestic banks. During the financial crisis, the government bailed out a number of weak banks and it remains part owner of two. The pension system is ranked first globally by share of GDP and the insurance sector has consolidated assets amounting to about 140 percent of GDP. The Netherlands is home to a central counterparty (CCP) which is systemic for European markets.
Download or read book Dutch Inflation Developments Drivers and the Risk of Wage Price Spiral written by Saioa Armendariz and published by International Monetary Fund. This book was released on 2023-03-13 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global inflation surged in 2022, driven by high gas price growth. With Russia being a key supplier of energy products, the start of the war in Ukraine has led to strong inflationary pressures in the euro area (EA), given the region’s significant exposure to the Russian gas. The price shock has been particularly strong in the Netherlands, largely due to the larger share of gas on the energy mix compared to other peers, making the country vulnerable to changing market conditions.
