De dynamiek van de naoorlogse private schuldgroei in Nederland ; De dynamiek van naoorlogse private schuldgroei in Nederland

The dynamics of postwar private debt growth in the NetherlandsThe level of private debt in the Netherlands is exceptional in both historical and comparative terms. High debt ratios inhibit economic growth, induce financial fragility and lead to deeper and more tenacious recessions. Facilitated by fiat money creation, private debt in the modern economy mainly consists of bank credit. Internationally shared causes of the rise in bank money are the decline in cash payments, tax deductions and a narrowed focus in monetary policy. In the Dutch case, liberalized mortgages, the side effects of the ca... Mehr ...