IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-0-230-28819-5_2.html
   My bibliography  Save this book chapter

The Financial Crisis of the Early 1990s and its Lessons

In: Improving Banking Supervision

Author

Listed:
  • David G. Mayes
  • Liisa Halme
  • Aarno Liuksila

Abstract

The accepted analysis of the Nordic banking crises concludes that they were primarily generated by a poorly managed process of financial liberalisation and pushed over the top by a strong economic cycle, only some of whose profile was outside the control of the domestic authorities (for example, see Drees and Pazarbasioglu (1998)). Thus the implication is that the crises were largely avoidable. One of the ways to consider the problem is to examine other countries, such as the United Kingdom, which also had an asset price boom in the 1990s but did not have the financial crisis, and look for the features that distinguished the Nordic experience.

Suggested Citation

  • David G. Mayes & Liisa Halme & Aarno Liuksila, 2001. "The Financial Crisis of the Early 1990s and its Lessons," Palgrave Macmillan Books, in: Improving Banking Supervision, chapter 2, pages 11-48, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-28819-5_2
    DOI: 10.1057/9780230288195_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-0-230-28819-5_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.