How Stable Is the Nordic Financial Sector?

Jesper Rangvid*

*Corresponding author af dette arbejde

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Abstrakt

The Nordic financial sectors were challenged during the early 1990s and in 2008. The crises were costly, with losses in terms of foregone GDP accumulating to, in some cases, two years of economic output (GDP). High credit growth and real estate booms, preceded by financial liberalizations, caused the crises. There were many similarities across the Nordics, but also some important differences. Currently, credit growth is low and banks are well capitalized. Traditional indicators of financial crises are not flashing red. On the other hand, house prices and household debt levels are elevated. Risks resulting from low interest rates are also discussed.
OriginalsprogEngelsk
TitelFinancial Regulation and Macroeconomic Stability in the Nordics
Antal sider29
UdgivelsesstedCopenhagen
ForlagNordic Council of Ministers
Publikationsdato2020
Sider21-49
ISBN (Trykt)9789289365659
ISBN (Elektronisk)9789289365666, 9789289365673
DOI
StatusUdgivet - 2020
NavnNordic Economic Policy Review
Vol/bind2020
ISSN1904-4526
NavnNord
Nummer2020:025
ISSN0903-7004

Emneord

  • Credit growth
  • House prices
  • Household debt
  • Capitalization of banks
  • Financial regulation
  • Low interest rates

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