The Swedish banking crisis: roots and consequences

Englund, Peter

doi:10.1093/oxrep/15.3.80

Cited by 219 publications

(117 citation statements)

References 14 publications

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“…Real interest rates were often negative, meaning that access to money was an asset in itself, with demand constantly higher than supply, meaning that such allocation could easily be described as preferential treatment (Sigurjonsson & Mixa, 2011;Jonung, 2008;Englund, 1999). Foreign currency restrictions were the norm in Iceland, with special permissions needed for foreign currency to import, invest or even to cover travelling expenses.…”

Section: The Icelandic Financial System Prior To the 1990mentioning

confidence: 99%

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Banking Systems in Romania and Iceland: Two Different Worlds but Similar Development

Baicu

Mixa

2017

JEDEP

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Abstract. The novelty of this article is the comparative analysis of the Romanian and (1999( -20061998. Before privatization, banks in both countries lacked experience in a new banking "arena". The global financial crisis greatly affected the two banking systems. Despite similarities, the evolution of the two banking systems was also marked by differences, notably the ownership origin of banks after privatization (foreign dominance in Romania; domestic owners in Iceland) and different business models developed by banks in the pre-crisis period.

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Section: The Icelandic Financial System Prior To the 1990mentioning

confidence: 99%

“…The novelty of this article is the comparative analysis of the Romanian and (1999( -20061998. Before privatization, banks in both countries lacked experience in a new banking "arena".…”

mentioning

confidence: 99%

Banking Systems in Romania and Iceland: Two Different Worlds but Similar Development

Baicu

Mixa

2017

JEDEP

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“…The subject is obviously controversial. 14 See eg Honkapohja et al (2008), Englund (1999) and Steigum (2004) for assessments, respectively, for Finland, Sweden, and Norway. quantitative finance constraints, in the Nordic crises seems to be weak.…”

Section: Management Of the Norwegian Banking Crisismentioning

confidence: 99%

The 1990's Financial Crises in Nordic Countries

Honkapohja

2009

SSRN Journal

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The current financial crisis, which has lasted almost one and a half years, is the 19th such crisis in the post-war period in advanced economies. Recent literature classifies the Nordic crises in Norway, Sweden and Finland in late 1980's and early 1990's among the Big Five crises that have happened before the current crisis, which is now of a global nature. This paper outlines the developments of the Nordic crises, reasons behind them and crisis management by the authorities. Relatively more emphasis is placed on the Finnish crisis, as it was the deepest one. The paper concludes by considering the lessons that can be drawn from the Nordic crises.

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“…Bu ülkelerde krizin başlamasıyla birlikte yeniden yapılandırma dönemi boyunca ortaya çıkan finansal maliyetler GSYİH'ya oran olarak yüzde 3.2 ile yüzde 17 arasında değişmektedir. (Geniş bilgi için bakınız Hoggart vd., 2001;Hoggart, vd., 2005;Englund, 1999) önlemeye yönelik finansal yeniden yapılandırma maliyeti Endonezya, Tayland ve Kore ve Malezya'da GSYİH'nın yüzde 10-45 arasında gerçekleşmiştir (Flood/Marion, 2004: 843). Bankacılık krizlerinin güçlü bankaları dahi kapanmaya zorlaması, politika yapıcılarını genişlemeci para politikası izleme ve kamu fonlarını kullanarak yükümlülüklerini yerine getiremeyen finansal kuruluşlara destek sağlama şeklinde farklı müdahalelere zorlamıştır.…”

Section: Introductionunclassified

Gelişmekte Olan Ülkelerdeki Bankacılık Krizlerinin Çok Değişkenli Logit Yöntemiyle Öngörülmesi

Halil;ÖZ¹

2007

Ankara Üniversitesi SBF Dergisi

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yılları arasında gelişmekte olan 20 ülkede bankacılık krizlerinin ortaya çıkmasıyla ilişkili hangi faktörlerin faydalı öncü göstergeler olabileceğini incelemektedir. Çalışmada kullanılan 16 açıklayıcı değişken seçilirken bankacılık krizleri üzerine teorik ve ampirik literatürden yararlanılmıştır. Değişkenler, etkin kredi kullanımını ve kredi kullananların geri ödeme kapasitelerindeki değişimleri temsil eden reel sektör, bankacılık sisteminde aşırı mevduat çekilişlerini ve güven kaybını gösteren veya banka bilançolarının bozulmasını temsil eden bankacılık sektörü ile bankacılık sektörünün istikrarını doğrudan ve dolaylı etkileyen şoklarla ilişkilidir. Farklı çok değişkenli logit modelleri kullanılarak elde edilen ampirik bulgular, uluslararası rezerv büyüklüğünün azalması, M2/uluslararası rezervler ve toplam mevduat/GSYİH oranının artması ve yurtdışı faiz oranı farklılıkları artışının bankacılık krizi olasılığını artırdığını göstermektedir. Reel faiz oranı, yurt içi kredi büyüklüğü ve kamu göstergelerinin de bağımsız etkiye sahip olmadıkları görülmüştür.Anahtar Kelimeler: Bankacılık krizleri, erken uyarı göstergeleri, finansal kırılganlık, gelişmekte olan ülkeler, logit yöntemi. The Prediction of Banking Crises with Multivariatel Logit Method in Developing Countries AbstractThis paper examines which factors associated with emergence of banking crises in 20 developing countries in 1990-2002 can be useful leading indicators. 16 explanatory variables used in study was inspired by the existing empirical and theoretical literature on banking crises. They are also related to real sector, which captures the degree of efficient use of credit and changes in the repayment capacity of borrowers, banking sector, which may indicate the existence of deposit runs and a loss of confidence or of the deterioration of banks' balance sheets in the banking system, and shocks that may directly and indirectly affect the stability of banking sector. Empirical findings obtained using different multivariate logit models suggest that decrease in international reserve growth, increase in M2 to international reserve and total deposit to GDP and domestic interest rate differential vs. abroad increase the likelihood of banking crises. Real interest rate, domestic credit growth and public indicators do not seem to have an independent effect.

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The Swedish banking crisis: roots and consequences

Cited by 219 publications

References 14 publications

Banking Systems in Romania and Iceland: Two Different Worlds but Similar Development

Banking Systems in Romania and Iceland: Two Different Worlds but Similar Development

The 1990's Financial Crises in Nordic Countries

Gelişmekte Olan Ülkelerdeki Bankacılık Krizlerinin Çok Değişkenli Logit Yöntemiyle Öngörülmesi

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