Browse

You are looking at 1 - 1 of 1 items for :

  • Type: Journal Issue x
  • Financial Risk Management x
  • Monetary Policy x
  • Banks and banking x
  • Business and Economics x
Clear All Modify Search
International Monetary Fund
The two newly autonomous countries within the Kingdom of the Netherlands face substantial challenges. Growth has been low, and unemployment high. The current account deficit has widened to worrisome levels, increasing the vulnerability of the peg to the U.S. dollar and stimulating calls for dollarizing or dissolving the currency union. A substantial adjustment is needed to bring the underlying current account deficit to historically sustainable levels over the medium term. This could be facilitated by measures to restrain credit growth, supported by fiscal consolidation.