Banks and Swedish financial crises in the 1920s and 1930s
(2011) In Business History 53(2). p.230-248- Abstract
- Financial crises occur at regular and unpredictable moments in capitalist economies. However, an absence of shared theoretical approaches to and even definitions of the subject still plague the analysis of financial crises. This situation makes historical analysis even more important. This article compares two Swedish financial crises, one in the 1920s and the other in the 1930s. The comparison shows that despite their temporal and spatial proximity, the crises seemed to have had quite different underlying causes, links to international circumstances, severity, and government responses. The 1920s crisis in Sweden was for instance much deeper than the crisis in the 1930s, a marked contrast to the experience of most countries during these... (More)
- Financial crises occur at regular and unpredictable moments in capitalist economies. However, an absence of shared theoretical approaches to and even definitions of the subject still plague the analysis of financial crises. This situation makes historical analysis even more important. This article compares two Swedish financial crises, one in the 1920s and the other in the 1930s. The comparison shows that despite their temporal and spatial proximity, the crises seemed to have had quite different underlying causes, links to international circumstances, severity, and government responses. The 1920s crisis in Sweden was for instance much deeper than the crisis in the 1930s, a marked contrast to the experience of most countries during these two periods. In focusing on the driving forces behind the crises, their development and governmental policies, the article also provides an opportunity to reflect on both financial crisis theories, on the current crisis and on recent historical research concerning crises. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/bd25c95a-ab54-410d-8940-a4d41bd62b3a
- author
- Lönnborg, Mikael ; Ögren, Anders LU and Rafferty, Michael
- publishing date
- 2011
- type
- Contribution to journal
- publication status
- published
- subject
- in
- Business History
- volume
- 53
- issue
- 2
- pages
- 19 pages
- publisher
- Taylor & Francis
- external identifiers
-
- scopus:79956138058
- ISSN
- 0007-6791
- DOI
- 10.1080/00076791.2011.555108
- language
- English
- LU publication?
- no
- id
- bd25c95a-ab54-410d-8940-a4d41bd62b3a
- date added to LUP
- 2017-12-18 15:01:49
- date last changed
- 2022-01-31 00:44:02
@article{bd25c95a-ab54-410d-8940-a4d41bd62b3a,
abstract = {{Financial crises occur at regular and unpredictable moments in capitalist economies. However, an absence of shared theoretical approaches to and even definitions of the subject still plague the analysis of financial crises. This situation makes historical analysis even more important. This article compares two Swedish financial crises, one in the 1920s and the other in the 1930s. The comparison shows that despite their temporal and spatial proximity, the crises seemed to have had quite different underlying causes, links to international circumstances, severity, and government responses. The 1920s crisis in Sweden was for instance much deeper than the crisis in the 1930s, a marked contrast to the experience of most countries during these two periods. In focusing on the driving forces behind the crises, their development and governmental policies, the article also provides an opportunity to reflect on both financial crisis theories, on the current crisis and on recent historical research concerning crises.}},
author = {{Lönnborg, Mikael and Ögren, Anders and Rafferty, Michael}},
issn = {{0007-6791}},
language = {{eng}},
number = {{2}},
pages = {{230--248}},
publisher = {{Taylor & Francis}},
series = {{Business History}},
title = {{Banks and Swedish financial crises in the 1920s and 1930s}},
url = {{http://dx.doi.org/10.1080/00076791.2011.555108}},
doi = {{10.1080/00076791.2011.555108}},
volume = {{53}},
year = {{2011}},
}