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 poli...
You easily download any file type for your device.The Nordic Banking Crisis: Pitfalls in Financial Liberalization (Nordic Banking Crises) | Burkhard Drees, Ceyla Pazarbasioglu. I really enjoyed this book and have already told so many people about it!
