Die Bankenkrisen in Nordeuropa zu Beginn der 1990er Jahre: Eine Sequenz aus Deregulierung, Krise und Staatseingriff in Norwegen, Schweden und Finnland

Banking Crises in Northern Europe in the Early 1990s: A Sequence of Deregulation, Crisis and Governmental Intervention in Norway, Sweden and Finland The North European economies experienced a large measure of deregulation in the 1980s. Developments were characterised by excessive bank lending activities with rising interest rate and credit-default risks, inter alia. Since risk managers of banking operations did not adequately meet their control functions, the earnings positions of many banks deteriorated dramatically resulting in a crisis of banking in Norway, Sweden and Finland in the early 1990s. This article throws some light on the causes known as “bad banking, bad policies and bad luck” and addresses the sequence of deregulation crisis and governmental interventio