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The Nordic Banking Crisis: Pitfalls in Financial Liberalization (Nordic Banking Crises)

Ceyla Pazarbasioglu

0/5 ( ratings)

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.

Language: English

Pages: 41

Format: Kindle Edition

Publisher: INTERNATIONAL MONETARY FUND

Release: April 20, 1998

The Nordic Banking Crisis: Pitfalls in Financial Liberalization (Nordic Banking Crises)

Ceyla Pazarbasioglu

0/5 ( ratings)

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.

Language: English

Pages: 41

Format: Kindle Edition

Publisher: INTERNATIONAL MONETARY FUND

Release: April 20, 1998

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The Nordic Banking Crises: Pitfalls in Financial Liberalization?

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A Banking Union for the Euro Area: 13

Shaping the New Financial System: 10

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