The Swedish Finance Company Crisis -- Could It Have Been Anticipated?
The Swedish finance company crisis was a kind of "run" that happened in September, 1990. It marked the beginning of the Swedish banking crisis of the early 1990's. The crisis was initially focused on the finance company Nyckeln. The specific negative information about Nyckeln is identified, as well as how it spread only very late, or not at all, to the supervisory authority and to the banks that were involved in lending to the finance companies. The paper then inquires whether there were warning signs of the forthcoming crisis in capital market information and other public information, by means of the usual event study methodology. The data that are used include indices for the banking industry and the real estate and construction industry, and share prices and trading volume for finance companies. The conclusion is that the crisis really came as a surprise, with very little advance warning.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
|Date of creation:||03 May 2001|
|Date of revision:||12 Dec 2001|
|Publication status:||Published in Scandinavian Economic History Review, 2002, pages 7-30.|
|Contact details of provider:|| Postal: |
Phone: +46-(0)8-736 90 00
Fax: +46-(0)8-31 01 57
Web page: http://www.hhs.se/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:hhb:hastba:2001_006. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Helena Lundin)The email address of this maintainer does not seem to be valid anymore. Please ask Helena Lundin to update the entry or send us the correct address
If references are entirely missing, you can add them using this form.