02120cas a2200313 a 4500 AALejournalIMF022144 230101c9999 xx r poo 0 0eng d 5.00 USD 9781589068278 1018-5941 BD-DhAAL BD-DhAAL Chen, Ruo. A Balance-Sheet Analysis of the Dutch Economy / Ruo Chen. Washington, D.C. : International Monetary Fund, 2021. 1 online resource (22 pages) IMF Working Papers <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 The Dutch economy is characterized by substantial financial balance sheets in the private sector. Uncommonly large gross financial assets and liabilities are found in the financial sector, whereas households own significant net financial wealth. The large gross financial assets and liabilities reflect a dominant role of multinational corporations (MNCs). Despite their size, these financial positions have not brought significant financial stability risks to the country. On the other hand, Dutch households' long balance sheets have been associated with depressed consumption and volatile real estate investment, which has probably exacerbated the cyclicality of the economy. The expected reform of the pension system is likely to change the way household balance sheets interact with private consumption. Mode of access: Internet Balance Sheet, Financial Accounts and Pension imf Corporate Finance and Governance imf Financial Institutions and Services imf Investment Decisions imf Net Financial Assets imf Portfolio Choice imf IMF Working Papers; Working Paper ; No. 2021/255 Full text available on IMF http://elibrary.imf.org/view/journals/001/2021/255/001.2021.issue-255-en.xml IMF e-Library