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The great financial crisis in Finland and Sweden - The dynamics of boom, bust and recovery, 1985-2000
Lars Birger Jonung Jaakko Kiander and
European Economy - Economic Papers from Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission
This paper explores the anatomy of the boom, deep depression and recovery in the Finnish and Swedish economies in the period 1985-2000. These fifteen years are divided into three phases: (1) financial liberalization and the boom and the overheating of 1985-90, (2) the outbreak and spread of the crisis to all sectors of the economy in 1990-92, and (3) the recovery 1993-2000. Each period is analyzed separately.
Keywords: Financial crisis; financial liberalization; boom; bust; depreciation; Finland; Sweden; Jonung; Kiander; Vartia; The great financial crisis in Finland and Sweden; The dynamics of boom; bust and recovery; 1985-2000 (search for similar items in EconPapers)
JEL-codes: E32 E44 E63 F32 F34 G33 (search for similar items in EconPapers)
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Persistent link: http://EconPapers.repec.org/RePEc:euf:ecopap:0350
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