RaboResearch - Economic Research

Economic Report

Will Liikanen change the European bank sector

The Liikanen Group recommends that banks engaged in significant high-risk trading activities should be required to integrate these into a separate legal and economic entity within the banking group. How does this affect European banks and customers?

Economic Report

Risk of de-globalization

This article is part of a series of Special Reports that discuss the downside risks to the global economic outlook. In this piece, we take a closer look at the risk of de-globalisation.

Economic Report

Coalition agreement: the housing market

First we had the Spring Agreement, and now we have a coalition agreement. In addition to decisions about all kinds of other areas, measures have been taken for the further reform of the housing market.

Economic Report

A slice of Danish: the Danish mortgage model

Although the traditional Danish mortgage model offers interesting points for consideration, it would be undesirable to copy it directly. It is more important to explore ways to induce institutional investors to invest in the domestic mortgage market.

Economic Report

Bail-in: an alternative to bail-out of banks?

According to a European proposal by the European Commission, bail-in is one of the instruments every EU member state should have at its disposal in order to deal effectively with banking crises. This Special Report discusses bail-in in more detail.

Economic Report

Euro crisis: institutional tug-of-war

The Economic and Monetary Union still lacks a credible crisis mechanism. The current ECB approach provides only a temporary solution. A permanent solution most likely requires muddling through for some time yet.

Economic Report

Overview of options for the housing market

This document maps out the effects of the respective election platforms for the economy as published by the Netherlands Bureau for Economic Policy Analysis. We conclude with our view of the likely and most desirable outcome of the coalition talks.

Economic Report

A realistic discount rate

Dutch Minister Kamp of Social Affairs recently announced plans to artificially increase the discount rate used by pension funds to value their liabilities. This Special Report looks at the desirability of the proposed changes.

Economic Report

Coping with life after debt (part 1)

In the first part of this series, we will show that debt, which has risen sharply in most advanced countries, is not necessarily a bad thing if it is at sustainable levels.

Economic Report

Coping with life after debt (part 2)

In part 2, we look at the post-crisis balance sheet adjustment process and conclude that (i) it will take many years to complete and (ii) the transitional phase will be economically painful.

Economic Report

Successful African regional integration?

Although negotiations for a continental free trade area in Africa have started and progress is on course given recent news reports, the plan is rather optimistic.

Economic Report

Germany and further EU integration

Elections in Germany in 2013 might result in a stable and EU-friendly grand coalition. However, recent appeals against the ESM ratification suggest that politicians will be constrained by legal boundaries regarding further EU integration.

Economic Report

Retail and investment banking

In this study we analyse the feasibility of Dutch implementation of the British (Vickers) and American (Volcker) proposals for separating retail and investment banking or a ban on proprietary trading, respectively.

Economic Report

Islamic finance: the risks

The Islamic financial sector is one of the fastest-growing segments of the financial industry. This study addresses the challenges faced by the Islamic financial market and the risks and risk management systems of Islamic financial institutions.

Economic Report

Is the credit tap on or off?

Consumers and businesses often need credit for large expenditures. Small- and medium-sized enterprises (SME) are highly dependent on banks for financing and continuity in lending is crucially important to them.