The great financial crisis in Finland and Sweden - The dynamics of boom, bust and recovery, 1985-2000

Lars Birger Jonung (), Jaakko Kiander and Pentti Vartia

No 350, European Economy - Economic Papers from Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission

Abstract: 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)
Date: 2008-12
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Persistent link: http://EconPapers.repec.org/RePEc:euf:ecopap:0350

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