The Swedish model for resolving the banking crisis of 1991 - 93. Seven reasons why it was successful
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.
|Date of creation:||Feb 2009|
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