01752cas a2200241 a 4500 AALejournalIMF017554 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475591507 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Kingdom of the Netherlands-Netherlands : Selected Issues. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (30 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/078 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/078/002.2017.issue-078-en.xml IMF e-Library