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Effective practices in crisis resolution and the case of Sweden

Author

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  • Kent Cherny
  • O. Emre Ergungor

Abstract

The current financial crisis is a painful reminder that the developed world is not yet immune to these devastating shocks. But while we haven?t learned to prevent them, we have learned some lessons about what is necessary to contain them once they begin and to limit the damage that follows. As policymakers worldwide focus on resolving the current financial crisis, they might look to Sweden as a useful model for effective strategies.

Suggested Citation

  • Kent Cherny & O. Emre Ergungor, 2009. "Effective practices in crisis resolution and the case of Sweden," Economic Commentary, Federal Reserve Bank of Cleveland, issue Feb.
    • Handle: RePEc:fip:fedcec:y:2009:i:feb
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    File URL: https://www.clevelandfed.org/newsroom-and-events/publications/economic-commentary/economic-commentary-archives/2009-economic-commentaries/ec-20090209-effective-practices-in-crisis-resolution-and-the-case-of-sweden.aspx
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    Cited by:

    1. T.V.S. Ramamohan Rao, 2010. "Financial crisis, efficient bailouts, and regulatory policy," Macroeconomics and Finance in Emerging Market Economies, Taylor & Francis Journals, vol. 3(2), pages 167-188.
    2. George M. von Furstenberg, 2009. "Policy Responses during the Depth of the 2007-09 Financial Crisis: Instrument Innovations, Executive Reconfigurations, and Legacies for U.S. Governance," CAEPR Working Papers 2009-007, Center for Applied Economics and Policy Research, Department of Economics, Indiana University Bloomington.

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    Keywords

    Financial crises - Sweden;

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