Banking Crises and Lender of Last Resort in Theory and Practice in Swedish History, 1850–2010

Anders Ögren

Chapter Chapter 3 in Coping with Financial Crises, 2018, pp 47-76 from Springer

Abstract: Abstract This paper is a first attempt to make a comparative analysis of Swedish banking crises over time—focusing on how the crises were handled. The empirical material is also compared to economic theories on crises management, i.e. lender of last resort and bank bailouts. The main questions are: How do the crises management relate to economic theories, i.e. to what extent did the crises management follow any economic rationale? To what extent were the crises management seen as necessary by authorities and market agents, and to what extent were the designs of the crises management made by market agents and/or by authorities? Were there any common features of the crises management over time that can explain why crises were handled in a certain fashion? I also make an estimation of the relative costs for the state to manage each crisis.

Keywords: Bank bailouts; Currency crises; Financial crises; Foreign debt; Lender of last resort; Monetary policy; Monetary regimes (search for similar items in EconPapers)
Date: 2018
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:stechp:978-981-10-6196-7_3

Ordering information: This item can be ordered from
http://www.springer.com/9789811061967

DOI: 10.1007/978-981-10-6196-7_3

Access Statistics for this chapter

More chapters in Studies in Economic History from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().