Financial Crisis and Crisis Management in Sweden. Lessons for Today

Publication | November 2009

Review of Sweden financial crisis that details government policy responses and assesses whether they are useful today.

This paper gives an account of the Swedish financial crisis covering the period 1985–2000, dealing with financial deregulation and the boom in the late 1980s, the bust and the financial crisis in the early 1990s, the recovery from the crisis and the bank resolution policy adopted during the crisis. The paper focuses on three issues: the causes and consequences of the financial crisis, the policy response concerning bank resolution, and the applicability of the Swedish model of bank crisis management for countries currently facing financial problems.

Additional Details

  • Economics
  • Finance sector development
  • Governance and public sector management