Description |
1 online resource (iv, 54 pages) : illustrations |
Series |
IMF working paper ; 95/61 |
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IMF working paper ; 95/61.
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Summary |
Annotation This paper examines the recent banking crises in Finland, Norway and Sweden in an attempt to draw some policy conclusions from their experiences. In all three countries, the timing of deregulation coincided with a strongly expansionary macroeconomic momentum. Delayed policy responses, as well as structural characteristics of the financial systems, and banks inadequate internal risk management controls were important determinants of the consequences of the transition from tightly regulated to more or less competitive financial systems. In the absence of strengthened prudential banking supervision, these incentives coupled with expectations of government intervention in the event of a crisis prompted many Nordic banks to increase their lending excessively |
Bibliography |
Includes bibliographical references (pages 52-54) |
Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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English |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
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Print version record |
Subject |
Banks and banking -- Scandinavia
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Financial crises -- Scandinavia
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Fiscal policy -- Scandinavia
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Banks and banking
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Financial crises
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Fiscal policy
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Scandinavia
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Form |
Electronic book
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Author |
Pazarbaşioğlu, Ceyla, author.
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International Monetary Fund. European I Department.
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International Monetary Fund. Monetary and Exchange Affairs Department.
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ISBN |
1455286702 |
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9781455286706 |
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1281990302 |
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9781281990303 |
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1462370195 |
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9781462370191 |
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1455248479 |
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9781455248476 |
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9786613794734 |
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6613794732 |
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