The current account of the Netherlands -- Recent developments in the Dutch financial sector -- Living with the peg and the challenge of the EMU
Summary
This Selected Issues paper examines the strengthening of the external current account for the Netherlands. It reviews this issue, concluding that the change in corporate profitability in a new wage environment was a crucial element, alongside fiscal consolidation, in turning around the current account-which has now moved into strong surplus. The paper analyzes the performance of the financial sector. It also reviews the experience of a decade and a half in a de facto monetary union for the Netherlands
Notes
Cover title
Prepared by C.M. Watson, Bas B. Bakker, Jan Kees Martijn, and Meral Karasulu (P. [1])
