Lessons from Financial Liberalisation in Scandinavia
Lars Jonung (lars.jonung@nek.lu.se)
Comparative Economic Studies, 2008, vol. 50, issue 4, 564-598
Abstract:
The causes and consequences of the financial crises in the Nordic countries in the early 1990s are examined and lessons from this episode are extracted. The focus is on the boom–bust episode in Finland, Norway and Sweden as these three economies went into a deep recession. The lessons from the Scandinavian experience are organised under three headings: (i) how to liberalise without causing a boom–bust cycle, (ii) how to deal with a financial crisis, and (iii) the long-run effects of financial integration on stabilisation policies, growth and the distribution of income and wealth. Comparative Economic Studies (2008) 50, 564–598. doi:10.1057/ces.2008.34
Date: 2008
References: Add references at CitEc
Citations: View citations in EconPapers (19)
Downloads: (external link)
http://www.palgrave-journals.com/ces/journal/v50/n4/pdf/ces200834a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/ces/journal/v50/n4/full/ces200834a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:pal:compes:v:50:y:2008:i:4:p:564-598
Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/41294/PS2
Access Statistics for this article
Comparative Economic Studies is currently edited by Nauro Campos
More articles in Comparative Economic Studies from Palgrave Macmillan, Association for Comparative Economic Studies Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla (sonal.shukla@springer.com) and Springer Nature Abstracting and Indexing (indexing@springernature.com).