The Swedish model for resolving the banking crisis of 1991 - 93. Seven reasons why it was successful

Lars Jonung ()

No 360, European Economy - Economic Papers 2008 - 2015 from Directorate General Economic and Financial Affairs (DG ECFIN), European Commission

Abstract: This study presents the main features of the Swedish approach for resolving the banking crisis of 1991-93 by condensing them into seven policy lessons. The main features of the Swedish approach to the banking crisis of 1991-93 concern political unity, a government blanket guarantee, swift policy action,an adequate legal and institutional framework, full disclosure of information, a differentiated resolution policy, and the proper design of macroeconomic policies.

Keywords: The Swedish model for resolving the banking crisis of 1991-93; financial crisis; bank resolution; solvency crisis; banking crisis; moral hazard; Sweden; Jonung (search for similar items in EconPapers)
JEL-codes: E44 G14 G21 G28 G32 G33 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2009-02
References: Add references at CitEc
Citations: View citations in EconPapers (31)

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Persistent link: https://EconPapers.repec.org/RePEc:euf:ecopap:0360

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