The U.S. Financial Crisis: Lessons from Sweden
Description:
In the early 1990s, Sweden faced a large banking and exchange rate crisis which it eventually resolved. Four lessons that emerged from Sweden's experience are: 1) the resolution process must be transparent; 2) the resolution agency must be politically and financially independent; 3) market discipline must be maintained; and 4) there must be a plan to jump-start credit flows in the financial system. This report provides an overview of the Swedish banking crisis and an explanation of the measures…
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Date:
September 29, 2008
Creator:
Jackson, James K.
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department