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The Swedish model for resolving the banking crisis of 1991 - 93. Seven reasons why it was successful. - Lars Jonung
Author(s): Lars Jonung
The Swedish model for resolving the banking crisis of 1991 - 93. Seven reasons why it was successful. - Lars Jonung 
(398 kB) 
Summary for non-specialists (73 kB) 
This study presents the main features of the Swedish approach for resolving the banking crisis of 1991-93 by condensing them into seven policy lessons.
The main features of the Swedish approach to the banking crisis of 1991-93 concern
- political unity,
- a government blanket guarantee,
- swift policy action,
- an adequate legal and institutional framework,
- full disclosure of information,
- a differentiated resolution policy, and
- the proper design of macroeconomic policies.
JEL classification E44, G14, G21, G28, G32, G33.
DOI 10.2765/18178
(European Economy. Economic Papers 360. February 2009.
Brussels. 27pp. Tab. Graph. Ann. Bibliogr. Free.)
| KC-AI-09-360-EN-N (online) | |
| ISBN 978-92-79-0970 (online) | |
| ISSN 1725-3187 (online)
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