Abstract
This dissertation studies the evolution of financial services provided to French and Dutch households between 1960 and 2000. First, I execute an econometric analysis of the evolution of the French and the Dutch household portfolio, with which I show that the institutional environment matters for the allocation of household wealth. Second, I develop an analytical framework with which the institutional evolution of both systems can be analysed. This analytical framework is consecutively applied to study the way in which French and Dutch households finance the purchase of a house and the evolution of household financial assets. The application of the framework yields insights into both the origins of path dependence in both systems and the future of European financial integration.
Original language | English |
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Qualification | Doctor of Philosophy |
Awarding Institution |
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Supervisors/Advisors |
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Award date | 5 Nov 2019 |
Place of Publication | Utrecht |
Publisher | |
Print ISBNs | 978-94-91870-39-2 |
Publication status | Published - 5 Nov 2019 |
Keywords
- Household finance
- European financial integration
- Housing finance
- France
- The Netherlands
- Second Banking Directive
- Culture
- Political Economy
- Law and Finance
- Pension systems