Vivian van Breemen

319 Dear Professor Jakob de Haan, thank you for supporting my research proposal and the publication of my work in the DNB Working Paper Series. Tdoissaelrltactoio-anuwthoourlsd. nTohtahnakveyobueenfotrheyosuamr ev.aDlueaabrle input , without which this Austin Gengos, thank you for your contribution and the fine bottle of champagne that you sent as a gesture of your appreciation, it is greatly appreciated. Ie mw po luol ydelri. kIen t po atrhtai cnukl aDr,e I Nweodue lrdl a lni kdes cthoe oBf faenr km( yD Ns pBe)cfi oa rl tbheai nn kg ss ut oc hmayn ma ma naazgi ne rg, Marloes Tijbout, and the NATIN management team led by Pieter-Reinier Maat. Tp rhoev iodpi np go rat ul l ntiht iee sr etshoaut r cyeosu t hh aa vt eh aovf fee rheedl p me de ma ree t ot r es mu cecne ds sofuusl l. yTchoamn kp l ey toeu t hf oi sr dp irsosgerrat ma t i oann.dT fhoarn kp ryoovui dfionrg a ml l oewti hn eg mo peptoor tpuanrittiyc i pt oa t ed oi n aDsNeBc o’ snhdimg he npto taetn tt hi ael European Central Bank (ECB). DI we ai lrl Me vaer rl oheasv, be eaynodn fdoar l al tl lh yi so, uI rwgouuilddalni kcee tion tbhoa tnhk my oyuwf oorr kb eai nn dg tphrei vbaet se t lmi f ea n( saugcehr as holiday recommendations in Dubai). Tfeoeal lllikNeAhToImNec!olleagues and especially the BPA team. Thank you for making DNB A special thanks to Max Simonis. Max, you are amazing. I very much appreciate ymoaunfyotrhgaunikdsi nfog rmreeviine wmiyn gwsoerckt iaonnds foofrtahlilstbhoeojko.y f u l m o m e n t s t h a t we h a d . A l s o , Dear Hendrik Jan Boehlé, thank you for all the opportunities that you have offered me in support of my research and professional development. Acknowledgement

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