Did recent experience of a financial crisis help in coping with the current financial turmoil? The case of the Nordic countries
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 wo...
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Blackwell Publishing Ltd
2009
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Online Access: | http://hdl.handle.net/2292/12949 https://doi.org/10.1111/j.1468-5965.2009.02032.x |
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ftunivauckland:oai:researchspace.auckland.ac.nz:2292/12949 2023-05-15T16:48:38+02:00 Did recent experience of a financial crisis help in coping with the current financial turmoil? The case of the Nordic countries Mayes, DG 2009 http://hdl.handle.net/2292/12949 https://doi.org/10.1111/j.1468-5965.2009.02032.x unknown Blackwell Publishing Ltd Journal of Common Market Studies Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. Details obtained from http://www.sherpa.ac.uk/romeo/issn/0021-9886/ https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm Copyright: Blackwell Publishing Ltd http://purl.org/eprint/accessRights/RestrictedAccess http://dx.doi.org/10.1111/j.1468-5965.2009.02032.x Journal Article 2009 ftunivauckland https://doi.org/10.1111/j.1468-5965.2009.02032.x 2013-12-07T09:17:45Z 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 University of Auckland Research Repository - ResearchSpace JCMS: Journal of Common Market Studies 47 5 997 1015 |
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Open Polar |
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University of Auckland Research Repository - ResearchSpace |
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ftunivauckland |
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description |
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, DG |
spellingShingle |
Mayes, DG Did recent experience of a financial crisis help in coping with the current financial turmoil? The case of the Nordic countries |
author_facet |
Mayes, DG |
author_sort |
Mayes, DG |
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 |
Blackwell Publishing Ltd |
publishDate |
2009 |
url |
http://hdl.handle.net/2292/12949 https://doi.org/10.1111/j.1468-5965.2009.02032.x |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
http://dx.doi.org/10.1111/j.1468-5965.2009.02032.x |
op_relation |
Journal of Common Market Studies |
op_rights |
Items in ResearchSpace are protected by copyright, with all rights reserved, unless otherwise indicated. Previously published items are made available in accordance with the copyright policy of the publisher. Details obtained from http://www.sherpa.ac.uk/romeo/issn/0021-9886/ https://researchspace.auckland.ac.nz/docs/uoa-docs/rights.htm Copyright: Blackwell Publishing Ltd http://purl.org/eprint/accessRights/RestrictedAccess |
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 |
_version_ |
1766038720587235328 |