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- W288879423 abstract "A rapid and continuous expansion in production has enabled the Netherlands to make substantial progress towards external equilibrium since the end of the war. In 1950-51; however, that progress was interrupted. Beginning in late 1950, the Netherlands took successive measures to restore the balance. The discount rate was raised from 2 and half percent to 4 percent, quantitative credit controls were imposed, taxes were increased, government civilian expenditures and residential construction were cut, and the trade unions agreed to keep real wages at a level below that prevailing in 1950. As a result of these measures, of the imposition of more stringent restrictions on imports, and of the decline in the prices of many primary products, inventory accumulation ceased, and the Netherlands trade position improved markedly. In view of the demonstrated willingness of the Dutch to meet service on external debt, even at the cost of hardship, and of the great progress made since the war, it seems likely to find some way of managing dollar finances without marring their excellent debt record." @default.
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- W288879423 date "1952-02-01" @default.
- W288879423 modified "2023-09-27" @default.
- W288879423 title "Creditworthiness of the Netherlands" @default.
- W288879423 hasPublicationYear "1952" @default.
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