RaboResearch - Economic Research

Special

Asset bubbles, financial crises and the role of human behaviour

Every time we witness a collapse in asset prices or a financial crisis, we seemoverwhelmed. Even the most experienced investors, economic forecasters and regulators are caught off-guard. But if we look closer at the historical data for the past two centuries, we see dat asset bubles and financial crises are nothing new to mankind.

Special

A new global financial infrastructure

Since the collapse of the Bretton Woods exchange rate system in 1971, the world’s monetary system has been based on a so-called ‘paper standard’. In this system, the US dollar plays the role of global currency anchor.