Furthermore, the BSP approved a package of measures to further reduce the financial burden on loans to MSMEs. In particular, loans granted to MSMEs shall be counted as part of banks’ compliance with reserve requirements.
Fortunes dissolved into thin air and many of those involved lost their jobs. In April 1637, the government intervened by invalidating all speculative agreements and capping the price of tulip bulbs at 50 guilders. But what really triggered the beginning of the end? A simple lack of confidence. In fact, all markets are built on confidence.