Banking Crises and Lender of Last Resort in Theory and Practice in Swedish History, 1850-2010
(2018) In Studies in Economic History p.47-76- Abstract
- This paper is a first attempt to make a comparative analysis of Swedish banking crises over time – focusing on how the crises were handled. The empirical material is also compared to economic theories on crises management, i.e. lender of last resort and bank bailouts. The main questions are: How do the crises management relate to economic theories, i.e. to what extent did the crises management follow any economic rationale? To what extent were the crises management seen as necessary by authorities and market agents, and to what extent were the designs of the crises management made by market agents and/or by authorities? Were there any common features of the crises management over time that can explain why crises were handled in a certain... (More)
- This paper is a first attempt to make a comparative analysis of Swedish banking crises over time – focusing on how the crises were handled. The empirical material is also compared to economic theories on crises management, i.e. lender of last resort and bank bailouts. The main questions are: How do the crises management relate to economic theories, i.e. to what extent did the crises management follow any economic rationale? To what extent were the crises management seen as necessary by authorities and market agents, and to what extent were the designs of the crises management made by market agents and/or by authorities? Were there any common features of the crises management over time that can explain why crises were handled in a certain fashion? I also make an estimation of the relative costs for the State to manage each crisis. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/656f95a0-4322-4004-b075-8bdc22ddbbbd
- author
- Ögren, Anders LU
- organization
- publishing date
- 2018
- type
- Chapter in Book/Report/Conference proceeding
- publication status
- published
- subject
- host publication
- Coping with financial crises : Some lessons from economic history - Some lessons from economic history
- series title
- Studies in Economic History
- editor
- Rockoff, Hugh and Suto, Isao
- pages
- 30 pages
- publisher
- Springer
- external identifiers
-
- scopus:85078803636
- ISSN
- 2364-1797
- ISBN
- 978-981-10-6196-7
- 978-981-10-6195-0
- DOI
- 10.1007/978-981-10-6196-7_3
- language
- English
- LU publication?
- yes
- id
- 656f95a0-4322-4004-b075-8bdc22ddbbbd
- date added to LUP
- 2017-12-18 14:23:36
- date last changed
- 2024-01-14 09:41:03
@inbook{656f95a0-4322-4004-b075-8bdc22ddbbbd,
abstract = {{This paper is a first attempt to make a comparative analysis of Swedish banking crises over time – focusing on how the crises were handled. The empirical material is also compared to economic theories on crises management, i.e. lender of last resort and bank bailouts. The main questions are: How do the crises management relate to economic theories, i.e. to what extent did the crises management follow any economic rationale? To what extent were the crises management seen as necessary by authorities and market agents, and to what extent were the designs of the crises management made by market agents and/or by authorities? Were there any common features of the crises management over time that can explain why crises were handled in a certain fashion? I also make an estimation of the relative costs for the State to manage each crisis.}},
author = {{Ögren, Anders}},
booktitle = {{Coping with financial crises : Some lessons from economic history}},
editor = {{Rockoff, Hugh and Suto, Isao}},
isbn = {{978-981-10-6196-7}},
issn = {{2364-1797}},
language = {{eng}},
pages = {{47--76}},
publisher = {{Springer}},
series = {{Studies in Economic History}},
title = {{Banking Crises and Lender of Last Resort in Theory and Practice in Swedish History, 1850-2010}},
url = {{http://dx.doi.org/10.1007/978-981-10-6196-7_3}},
doi = {{10.1007/978-981-10-6196-7_3}},
year = {{2018}},
}