01765cas a2200253 a 4500 AALejournalIMF012217 230101c9999 xx r poo 0 0eng d 15.00 USD 9781557757005 0251-6365 BD-DhAAL BD-DhAAL Drees, Burkhard. The Nordic Banking Crisis : Pitfalls in Financial Liberalization: Pitfalls in Financial Liberalization / Burkhard Drees, Ceyla Pazarbasioglu. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (41 pages) Occasional Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This study examines the banking crises in Finland, Norway and Sweden, which took place in the early 1990s, and draws some policy conclusions from their experiences. One key conclusion is that factors in addition to business cycle effects explain the Nordic countries financial problems. Although the timing of the deregulation in all three countries coincided with a strongly expansionary macroeconomic momentum, the main reasons for the banking crises were the delayed policy responses, the structural characteristics of the financial systems, and the banks inadequate internal risk-management controls. Mode of access: Internet Pazarbasioglu, Ceyla. Occasional Papers; Occasional Paper ; No. 1998/007 Full text available on IMF http://elibrary.imf.org/view/books/084/07197-9781557757005-en/07197-9781557757005-en-book.xml IMF e-Library