Just as in human beings, for whom chronic syndromes demand fundamental changes in lifestyles, financial institutions must be prepared to fundamentally change their business models in order to extricate themselves from a structural lack of profitability. 6  Schumpeter, Joseph Alois. 1926. Theorie der wirtschaftlichen Entwicklung: Eine Untersuchung über Unternehmergewinn, Kapital, Kredit, Zins und den Konjunkturzyklus, 2nd revised ed. Leipzig: Duncker & Humblot.
We have seen numerous examples where periods of exuberance were accommodated by the financial system, reflected by increasing leverage and asset price inflation, followed by a correction. Without any doubt, the best example in Dutch financial history is the Tulip Mania, which took place around 1635. This episode is especially known for its incredible price increases.