The Nordic Banking Crises: Pitfalls in Financial Liberalization?
The Nordic Banking Crises: Pitfalls in Financial Liberalization?
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北欧银行业危机：金融自由化的陷阱？
DOI：
10.5089/9781451848113.001
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发表时间：
1995
期刊：
影响因子：
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通讯作者：
Ceyla Pazarba_1o lu
中科院分区：
文献类型：
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作者：
Burkhard Drees;Ceyla Pazarba_1o lu
本研究考察了 20 世纪 90 年代初发生的芬兰、挪威和瑞典的银行业危机，并从这些国家的经验中得出了一些政策结论。一个关键结论是，除了商业周期效应之外，还有其他因素可以解释北欧国家的金融问题。尽管这三个国家放松管制的时机恰逢宏观经济强劲扩张势头，但银行业危机的主要原因是政策反应滞后、金融体系的结构特征以及银行内部风险管理控制不足。
This study examines the banking crises in Finland, Norway and Sweden, which took place in the early 1990s, and draws some policy conclusions from their experiences. One key conclusion is that factors in addition to business cycle effects explain the Nordic countries financial problems. Although the timing of the deregulation in all three countries coincided with a strongly expansionary macroeconomic momentum, the main reasons for the banking crises were the delayed policy responses, the structural characteristics of the financial systems, and the banks inadequate internal risk-management controls.