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Lars Jonung

Professor emeritus

The Swedish model for resolving the banking crisis of 1991-93: Is it useful today?

Author

Lars Jonung

Summary, in Swedish

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.

Department/s