THE CLOGS ON THE DUTCH MARKET
Why hasn’t the Dutch guilder market taken off? The guilder is strong, closely linked to the Deutschemark, yet for much of 1986 yielding a more attractive return. Besides, the guilder market has the advantage that major movements tend to lag behind those of the Deutschemark, making it more predictable. Effective turnover is Dfl100 billion ($43 billion) a year, about a quarter the size of the Deutschemark market.
On January 1 1986, the guilder capital market had its own Big Bang–or Big Bloom as it might be more suitably called in Holland.
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