Describing financial crisis propagation through epidemic modelling on multiplex networks

This paper proposes a novel framework for modelling the spread of financial crises in complex networks, combining financial data, Extreme Value Theory and an epidemiological transmission model. We accommodate two key aspects of contagion modelling: fundamentals-based contagion, where the transmission is due to direct financial linkages, and...

A multi-level governance response to the Covid-19 crisis in public transport

This paper examines the Dutch policy reaction to the financial crisis in the public transport sector caused by Covid-19. Using the multi-level governance theory complemented with the notion of informal governance, the analysis explains the decision-making that defined a State-aid scheme to public transport operators following a process of...

Commentary: Re-using taxpayer’s data: scenarios for wealth management for the public

Tax Administrations have a huge amount of tax-related data that can be re-used for the benefit of the taxpayers, similarly to the way private banks and wealth managers use their clients’ financial information. However, usage of tax data is not trivial, as Tax Administrations have to adhere to legislation that does not allow them to compete with...

The global financial crisis and neighborhood decline

Neighborhood decline is a complex and multidimensional process. National and regional variations in economic and political structures (including varieties in national welfare state arrangements), combined with differences in neighborhood history, development, and population composition, make it impossible to identify an ideal-type process of...

House Price Risk and Sub-District House Price Dynamics: The Case of Amsterdam

The recent Global Financial Crisis has lent even greater urgency to the need for households to understand the risks and dynamics of the residential property market better. This paper uses a rich dataset on individual residential property transactions between 1995 and 2014 in Amsterdam to study the risks and the inter-dependency of house prices...

Post Global Financial Crisis Property Development

This thesis makes an assessment of the changes and influences of the property development context after the global financial crisis on the business models of property developers.

Dutch mortgage arrears and the role of the global financial crisis

As in many countries, the Dutch housing market was severely hit by the recent financial crisis. Following the recession, the average house price in the Netherlands fell by almost 25% and the proportion of homeowners with mortgage payment arrears nearly doubled. In this paper, we study mortgage payment arrears in the Netherlands and investigate...

Beating the Crunch: Real estate management of Dutch multinationals

The graduation thesis gives insight in corporate real estate management within Dutch multinationals. The credit crunch requires corporations to strategically respond. The real estate response is dependent on the impact of the credit crunch on the business results and corporate strategy. The cross-case analysis presents the mutual implementations.

Western European housing systems and the impact of the international financial crisis

The central proposition advanced in this paper is that differences in the structure of housing systems, and specifically the differences between dynamic and static housing systems, are crucial to an explanation of the varying impacts between countries of the international financial crisis. The proposition is illustrated with reference to Ireland...

Economic sustainability considerations in a local housing market with post-bubble hindsight

Given the pivotal role of the housing bubble in the subsequent credit crunch, the following question may be raised: could the global financial crisis have been moderated if prude property valuations had been made at the time of issuing bank loans, and if governments and institutions had been concerned about raising the quality of market...

Saving a Bank? Cracking the Case of the Fortis Bank?

This paper presents a simple experimental System Dynamics model of the underlying value and stock market value of a bank to analyze a loss of trust the a bank. The System Dynamics model was developed on 28 September 2008 –the day the governments of the Benelux countries met in a great hurry to rescue the Fortis bank– in order to gain a better...