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