The Nordic Banking Crises : Pitfalls in Financial Liberalization? /

This paper examines the recent banking crises in Finland, Norway and Sweden in an attempt to draw some policy conclusions from their experiences. In all three countries, the timing of deregulation coincided with a strongly expansionary macroeconomic momentum. Delayed policy responses, as well as str...

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Bibliographic Details
Main Author: Drees, Burkhard
Other Authors: Pazarbasioglu, Ceyla
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1995.
Series:IMF Working Papers; Working Paper ; No. 1995/061
Online Access:Full text available on IMF