Abstract
Sweden's fix of its banks in the early 1990s is considered a model for today’s policymakers. This column reviews the main features of the Swedish approach and discusses its applicability to today’s banking problems. Policy must be carried out swiftly and openly, aiming at saving banks, not their owners or managers.
| Original language | English |
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| Publication status | Published - 2009 Mar 14 |
Publication series
| Name | VOXEU |
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Subject classification (UKÄ)
- Economics