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Banking Crises and Lender of Last Resort in Theory and Practice in Swedish History, 1850-2010

Ögren, Anders LU (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:
author
organization
publishing date
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
2021-08-18 04:18:16
@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},
}