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What lessons can be learned from recent financial crises?: the Swedish experience
| Content Provider | Semantic Scholar |
|---|---|
| Author | Backstrom, Urban |
| Copyright Year | 1997 |
| Abstract | Before I came to Sveriges Riksbank I was state secretary at the Ministry of Finance and involved, among other things, in the management of Sweden’s financial crisis. While there had, of course, been a good many indications of mounting problems, I was personally made formally aware of the acute and severe financial crisis by a phone call. At the beginning of October 1991, I had been in the job just a few days when I got a call from the head of the Financial Supervisory Authority (banking supervision in Sweden is performed by this authority, not by the central bank). He wanted to inform the government that a large Swedish bank had more than exhausted its equity capital and would have to go bankrupt if a reconstruction could not be arranged. |
| Starting Page | 129 |
| Ending Page | 140 |
| Page Count | 12 |
| File Format | PDF HTM / HTML |
| Alternate Webpage(s) | http://www.kc.frb.org/publicat/sympos/1997/pdf/s97backs.pdf |
| Alternate Webpage(s) | http://www.riksbank.se/upload/3861/970829e.pdf |
| Alternate Webpage(s) | http://www.kansascityfed.org/publicat/sympos/1997/pdf/s97backs.pdf |
| Alternate Webpage(s) | https://www.kansascityfed.org/PUBLICAT/SYMPOS/1997/%20pdf/s97backs.pdf |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
