The Nordic Banking Crisis: Pitfalls in Financial Liberalization

Business & Finance, Economics, Public Finance, Finance & Investing, Banks & Banking, Macroeconomics
Cover of the book The Nordic Banking Crisis: Pitfalls in Financial Liberalization by Burkhard Mr. Drees, Ceyla Pazarbasioglu, INTERNATIONAL MONETARY FUND
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Author: Burkhard Mr. Drees, Ceyla Pazarbasioglu ISBN: 9781452706597
Publisher: INTERNATIONAL MONETARY FUND Publication: April 20, 1998
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Burkhard Mr. Drees, Ceyla Pazarbasioglu
ISBN: 9781452706597
Publisher: INTERNATIONAL MONETARY FUND
Publication: April 20, 1998
Imprint: INTERNATIONAL MONETARY FUND
Language: English
This study examines the banking crises in Finland, Norway and Sweden, which took place in the early 1990s, and draws some policy conclusions from their experiences. One key conclusion is that factors in addition to business cycle effects explain the Nordic countries' financial problems. Although the timing of the deregulation in all three countries coincided with a strongly expansionary macroeconomic momentum, the main reasons for the banking crises were the delayed policy responses, the structural characteristics of the financial systems, and the banks' inadequate internal risk-management controls.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
This study examines the banking crises in Finland, Norway and Sweden, which took place in the early 1990s, and draws some policy conclusions from their experiences. One key conclusion is that factors in addition to business cycle effects explain the Nordic countries' financial problems. Although the timing of the deregulation in all three countries coincided with a strongly expansionary macroeconomic momentum, the main reasons for the banking crises were the delayed policy responses, the structural characteristics of the financial systems, and the banks' inadequate internal risk-management controls.

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