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Book Cover
Author Drees, Burkhard.

Title The Nordic banking crises : pitfalls in financial liberalization? / prepared by Burkhard Drees and Ceyla Pazarbaşioğlu
Published Washington, D.C. : International Monetary Fund, [1995]
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Description 1 online resource (iv, 54 pages) : illustrations
Series IMF working paper ; 95/61
IMF working paper ; 95/61
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. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Banks and banking -- Scandinavia.
Financial crises -- Scandinavia.
Fiscal policy -- Scandinavia.
Form Electronic book
Author Pazarbaşioğlu, Ceyla.
International Monetary Fund. European I Department.
International Monetary Fund. Monetary and Exchange Affairs Department.
ISBN 1281990302