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This study analyses the financial performance of art investments over six decades using nearly three million auction transactions. While art underperformed most alternative investments (wine, classic cars) and traditional assets (stocks, bonds), its negative correlation with financial markets offers portfolio diversification benefits. Key price determinants include authenticity, medium, provenance, and auction house reputation.
Introductory statement by Piero Cipollone, Member of the Executive Board of the ECB, at the Committee on Economic and Monetary Affairs of the European Parliament (Brussels, 8 April 2025).
The National Bank of Belgium (NBB) came into being 175 years ago. Indeed, it was on 5 May 1850 that Leopold I signed the law establishing the National Bank.
De gouden financieringsregel stelt dat publieke investeringsprojecten mogen gefinancierd worden met leningen. De regel is van pertinent belang tegen de achtergrond van het huidige publieke debat. We geven aan waarom het verhogen van publieke investeringen niet haaks hoeft te staan op het handhaven van budgettaire orthodoxie.
