How does the financial sector help, hurt or hinder the economy? Dirk Bezemer will give his inaugural address on this topic on 14 March, as he accepts a professorship in the economics of international financial development at the University of Groningen. His research into this issue builds on the theory of Hyman Minsky (1919-1996), an American economist. Minsky described how over the course of a long financial cycle, investors will shift towards riskier and more speculative investments. Read more in Bezemer’s blog post
‘Why Dutch debt tells us economic growth may be fragile’.
Household debt in OECD economies. Source: OECD
Debt shift in the Netherlands since 1990 until the 2008 crisis. Source: DNB
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