The Nordic Banking Crisis : Pitfalls in Financial Liberalization: Pitfalls in Financial Liberalization /

This study examines the banking crises in Finland, Norway and Sweden, which took place in the early 1990s, and draws some policy conclusions from their experiences. One key conclusion is that factors in addition to business cycle effects explain the Nordic countries financial problems. Although the...

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Detalhes bibliográficos
Autor principal: Drees, Burkhard
Outros Autores: Pazarbasioglu, Ceyla
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 1998.
Colecção:Occasional Papers; Occasional Paper ; No. 1998/007
Acesso em linha:Full text available on IMF
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245 1 4 |a The Nordic Banking Crisis :   |b Pitfalls in Financial Liberalization: Pitfalls in Financial Liberalization /  |c Burkhard Drees, Ceyla Pazarbasioglu. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1998. 
300 |a 1 online resource (41 pages) 
490 1 |a Occasional Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This study examines the banking crises in Finland, Norway and Sweden, which took place in the early 1990s, and draws some policy conclusions from their experiences. One key conclusion is that factors in addition to business cycle effects explain the Nordic countries financial problems. Although the timing of the deregulation in all three countries coincided with a strongly expansionary macroeconomic momentum, the main reasons for the banking crises were the delayed policy responses, the structural characteristics of the financial systems, and the banks inadequate internal risk-management controls. 
538 |a Mode of access: Internet 
700 1 |a Pazarbasioglu, Ceyla. 
830 0 |a Occasional Papers; Occasional Paper ;  |v No. 1998/007 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/books/084/07197-9781557757005-en/07197-9781557757005-en-book.xml  |z IMF e-Library