On the Resolution of Financial Crises: The Swedish Experience
15 Pages Posted: 22 Oct 2007
Date Written: June 2007
Abstract
Sweden was one of the Scandinavian countries experiencing a severe financial crisis In the late 1980s and early 1990s. I review the policy choices and external factors that pushed the country's financial system over the edge and then examine the steps the government took to make its resolution of the crisis one of the most successful in the past 30 years.
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