Quote of the Day | 0510
In summary, the financial overdevelopment of the Netherlands has two dimensions: a bloated domestic banking sector and financial globalization. Both have been accompanied by a policy preference for private over public finance growth.
The domestic financial sector is extremely large by historical and international standards. International research suggests that this comes with a number of disadvantages: lower investment, more inequality, lower growth, and fragility.
Dirk Bezemer & Joan Muysken, ‘Dutch Financial Fragilities’ [pdf]
[x]#11856 fan zondag 10 mei 2015 @ 10:33:37
