Why do Banking Crises Occur? An Evolutionary Model of Swedish Banking Crises

Hans Sjögren and Sverre Knutsen

Chapter 11 in The Swedish Financial Revolution, 2010, pp 183-203 from Palgrave Macmillan

Abstract: Abstract About 150 systemic banking crises have been documented globally throughout the period 1980–2009, where the latest are emanating from extensive sub-prime loans in the United States. As a contrast, no such crises were registered for the preceding 25 years. Reflecting on this historical process, academic interest in banking crises was almost nonexistent in mainstream economics during the post-war era. After 1990, however, this growth in the number of banking crises has spawned a substantial expansion of research into the causes and consequences of financial instability. The crisis related to sub-prime loans in the U.S. gives further interest into this type of study.

Keywords: Interest Rate; Real Estate; Monetary Policy; Commercial Bank; Banking Sector (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-29723-4_11

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DOI: 10.1057/9780230297234_11

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