The Swedish Financial System

Alexis Stenfors

FESSUD studies from Financialisation, Economy, Society & Sustainable Development (FESSUD) Project

Abstract: This study investigates the evolution of the Swedish financial system since the 1980s. The concept of financialisation, with its different elements and perspectives, is used as a lens through which the key historical developments are analysed. The aim of the study is two-fold. First, by highlighting some unique country-specific features, it addresses the profound changes that have taken place in the Swedish financial system during the last decades in relation to the ‘rise and fall’ of the so-called ‘Swedish model’. Second, in doing so, the study considers the appropriateness and applicability of standard attempts to categorise financial systems according to the weight of banks versus markets, states versus markets and so forth. The picture that emerges from the Swedish example in particular shows the need to go deeper and beyond these classifications in order to obtain or more nuanced understanding of the increasing role of financial markets in developed countries.

Keywords: Sweden; Swedish model; welfare state; financialisation; financial system; financial crisis; banking crisis (search for similar items in EconPapers)
JEL-codes: E44 F3 G2 N14 N24 O52 P16 (search for similar items in EconPapers)
Pages: 168 pages
Date: 2014-10-28
New Economics Papers: this item is included in nep-ban, nep-his and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:fes:fstudy:fstudy13

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