FinObservatory

Crisis atlas / NLD / 1944–1946

Netherlands, 1944–1946

One crisis episode: distinct crisis years merged across gaps of up to two non-crisis years. Types, source agreement, and macro context are drawn from the union of five primary chronologies.

Currency

Crisis years in this episode

Every distinct (year, type) event inside the 1944–1946 window, with the chronologies flagging it and the count of agreeing sources. Start-year sources (GMD, JST) mark only the first year, so agreement falls in the continuation years.

  1. 1944
    Currencygmd, rr2 sources
  2. 1946
    Currencyrr1 source

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020, 2026) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Laeven-Valencia banking-crisis detail

Laeven-Valencia reports fiscal cost and output loss for systemic banking crises only. This episode involves currency crises, for which no comparable cost figures exist in the source chronologies.

Macro context, 19371953

Seven years either side of the episode. Each panel has its own scale; the crisis window is shaded. Only indicators with data for Netherlands in this window are shown. Bank credit growth (year over year in total loans) is available for the 18 Jordà-Schularick-Taylor advanced economies.

Inflation (% y/y)
01020193719441953
Real GDP growth (% y/y)
-50050100193719441953
Policy rate (%)
0246193719441953
Govt debt (% of GDP)
0100200300193719441953
Unemployment (%)
01020193719441953
Current account (% of GDP)
-20-10010193719441953
Bank credit growth (% y/y)
-40-2002040193719441953

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 (credit) Real GDP growth is derived as the year-over-year change in real GDP; current account and government debt are percent of GDP; policy rate is the central-bank rate; bank credit growth is the year-over-year change in JST total loans. Methodology

How each source dates this episode

The chronologies disagree on start years and durations. This table is generated from the event rows, not curated: it lists, per crisis type, which source flags which years inside the window.

Currency
  • Global Macro Database1944
  • Reinhart-Rogoff1944, 1946

Source: Global Macro Database 2026_06 (Müller, Xu, Lehbib & Chen 2025) | Jordà-Schularick-Taylor Macrohistory R6 | Laeven & Valencia (2020, 2026) | Reinhart-Rogoff via HBS BFFS | ECB/ESRB Financial Crises Database Methodology

Documented policy responses

2 interventions from the Metrick-Schmelzing banking-crisis database whose recorded year falls inside this episode window (1944–1946). Each row is one documented government or central-bank action, tagged with the database’s own intervention categories and short code, under the crisis code it assigns. Matching is exact: same country, intervention year inside the window. The database’s global-crisis rows (no country) are never matched here.

NLD-1944Netherlands
  1. Sep-1944Regulatory forbearance / rulesDPM
  2. Sep-1944Regulatory forbearance / rulesSBH

Source: Metrick-Schmelzing Banking-Crisis Interventions Database (Yale Program on Financial Stability) Cite as: Metrick, Andrew, and Paul Schmelzing, "Banking-Crisis Interventions Across Time and Space," working paper, 2024 (dataset consulted 2026-07-10). License: Creative Commons attribution. Methodology

Policy-response case studies (external)

For qualitative accounts of how authorities intervened in systemic crises, see the Yale Program on Financial Stability New Bagehot Project, a library of financial-crisis intervention case studies. It is a separate qualitative resource; no specific case is asserted to match this episode.