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Turkey: Situation Update
This report briefly discusses recent political, economic, and security issues in Turkey, especially relating to Turkey's relationship with Greece, the European Union, and the United States.
The U.S. Financial Crisis: Lessons from Sweden
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 Sweden used to restore its banking system to health.