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The Swedish model for resolving the banking crisis of 1991 - 93. Seven reasons why it was successful. - Lars Jonung

Lars Jonung

The Swedish model for resolving the banking crisis of 1991 - 93. Seven reasons why it was successful. - Lars Jonungpdf(398 kB) Choose translations of the previous link 

Summary for non-specialistspdf(73 kB) Choose translations of the previous link pdf

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

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