Did Recent Experience of a Financial Crisis Help in Coping with the Current Financial Turmoil? The Case of the Nordic Countries
Abstract This article considers the lessons learned from the Nordic crises of the 1980s and 1990s and how far problems incurred during the present crisis stem from a failure to act on those lessons. Iceland, which was little affected on the first occasion, has had the worst crisis of any country rou...
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Online Access: | http://dx.doi.org/10.1111/j.1468-5965.2009.02032.x https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Fj.1468-5965.2009.02032.x https://onlinelibrary.wiley.com/doi/pdf/10.1111/j.1468-5965.2009.02032.x |
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crwiley:10.1111/j.1468-5965.2009.02032.x 2024-06-02T08:09:12+00:00 Did Recent Experience of a Financial Crisis Help in Coping with the Current Financial Turmoil? The Case of the Nordic Countries MAYES, DAVID G. 2009 http://dx.doi.org/10.1111/j.1468-5965.2009.02032.x https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Fj.1468-5965.2009.02032.x https://onlinelibrary.wiley.com/doi/pdf/10.1111/j.1468-5965.2009.02032.x en eng Wiley http://onlinelibrary.wiley.com/termsAndConditions#vor JCMS: Journal of Common Market Studies volume 47, issue 5, page 997-1015 ISSN 0021-9886 1468-5965 journal-article 2009 crwiley https://doi.org/10.1111/j.1468-5965.2009.02032.x 2024-05-03T10:35:55Z Abstract This article considers the lessons learned from the Nordic crises of the 1980s and 1990s and how far problems incurred during the present crisis stem from a failure to act on those lessons. Iceland, which was little affected on the first occasion, has had the worst crisis of any country round the world while Finland, which was worst affected last time, has come through almost unscathed. The ways of avoiding problems caused by having cross‐border banks, a feature that did not exist on the previous occasion, were known but it has taken a second crisis to get governments to act. Article in Journal/Newspaper Iceland Wiley Online Library JCMS: Journal of Common Market Studies 47 5 997 1015 |
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Wiley Online Library |
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English |
description |
Abstract This article considers the lessons learned from the Nordic crises of the 1980s and 1990s and how far problems incurred during the present crisis stem from a failure to act on those lessons. Iceland, which was little affected on the first occasion, has had the worst crisis of any country round the world while Finland, which was worst affected last time, has come through almost unscathed. The ways of avoiding problems caused by having cross‐border banks, a feature that did not exist on the previous occasion, were known but it has taken a second crisis to get governments to act. |
format |
Article in Journal/Newspaper |
author |
MAYES, DAVID G. |
spellingShingle |
MAYES, DAVID G. Did Recent Experience of a Financial Crisis Help in Coping with the Current Financial Turmoil? The Case of the Nordic Countries |
author_facet |
MAYES, DAVID G. |
author_sort |
MAYES, DAVID G. |
title |
Did Recent Experience of a Financial Crisis Help in Coping with the Current Financial Turmoil? The Case of the Nordic Countries |
title_short |
Did Recent Experience of a Financial Crisis Help in Coping with the Current Financial Turmoil? The Case of the Nordic Countries |
title_full |
Did Recent Experience of a Financial Crisis Help in Coping with the Current Financial Turmoil? The Case of the Nordic Countries |
title_fullStr |
Did Recent Experience of a Financial Crisis Help in Coping with the Current Financial Turmoil? The Case of the Nordic Countries |
title_full_unstemmed |
Did Recent Experience of a Financial Crisis Help in Coping with the Current Financial Turmoil? The Case of the Nordic Countries |
title_sort |
did recent experience of a financial crisis help in coping with the current financial turmoil? the case of the nordic countries |
publisher |
Wiley |
publishDate |
2009 |
url |
http://dx.doi.org/10.1111/j.1468-5965.2009.02032.x https://api.wiley.com/onlinelibrary/tdm/v1/articles/10.1111%2Fj.1468-5965.2009.02032.x https://onlinelibrary.wiley.com/doi/pdf/10.1111/j.1468-5965.2009.02032.x |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
JCMS: Journal of Common Market Studies volume 47, issue 5, page 997-1015 ISSN 0021-9886 1468-5965 |
op_rights |
http://onlinelibrary.wiley.com/termsAndConditions#vor |
op_doi |
https://doi.org/10.1111/j.1468-5965.2009.02032.x |
container_title |
JCMS: Journal of Common Market Studies |
container_volume |
47 |
container_issue |
5 |
container_start_page |
997 |
op_container_end_page |
1015 |
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1800754868168687616 |