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Author: Steffen Elkiær Andersen Publisher: Springer ISBN: 0230299253 Category : Business & Economics Languages : en Pages : 289
Book Description
The book describes the birth and growth of financial institutions and stock exchanges in Scandinavia and Finland from 1656 to 2010, including their banking crises and the history of banking regulation. It argues that quantitative regulations cannot, in the long run, produce the desired results and bear the seeds of future financial crises.
Author: Steffen Elkiær Andersen Publisher: Springer ISBN: 0230299253 Category : Business & Economics Languages : en Pages : 289
Book Description
The book describes the birth and growth of financial institutions and stock exchanges in Scandinavia and Finland from 1656 to 2010, including their banking crises and the history of banking regulation. It argues that quantitative regulations cannot, in the long run, produce the desired results and bear the seeds of future financial crises.
Author: Steffen Elkiær Andersen Publisher: Springer ISBN: 3319397508 Category : Business & Economics Languages : en Pages : 242
Book Description
This book explores the formation and evolution of Scandinavian central banks. It begins by defining the nature of “central banking” in general, before moving on to investigate how and when it became meaningful to regard today’s Scandinavian central banks as such. It also explores how Scandinavian central banks have conformed to the defined ideals of “central banks” over the last 100 years, clarifying the distinctions between commercial banks and central banks, and between central banks and departments of governments. The author shows how the outbreak of the Great War was the catalyst which fundamentally transformed the originally purely commercial banks into “central banks”. The book also analyses how different the three Scandinavian central banks are, how these differences can be explained by the different political and economic circumstances surrounding their original formation, and the differences in the political environments in which they later developed.
Author: Gunilla Hermansson Publisher: John Benjamins Publishing Company ISBN: 9027260540 Category : Literary Criticism Languages : en Pages : 364
Book Description
How did Nordic culture become associated with the fuzzy brand “cool”, as by default? In Exploring NORDIC COOL in Literary History twenty-one scholars in collaboration question the seemingly natural fit between “Nordic” and “Cool” by investigating its variegated trajectories through literary history, from medieval legends to digital poetry. At the same time, the elasticity and polysemy of the word “cool” become a means to explore Nordic literary history afresh. It opens up a rich diversity of theoretical and methodological approaches within a regional framework and reveals hitherto unseen links between familiar and less familiar tracks and sites. Following diverse paths of “Nordic cool” in respect to – among other things – nature, survival, love, whiteness, style, economics, heroism and colonialism, this book challenges all-too-recognisable narratives, and underlines the sheer knowledge potential of literary historical research.
Author: Lars Jonung Publisher: Edward Elgar Publishing ISBN: 1849802130 Category : Business & Economics Languages : en Pages : 351
Book Description
The Nordic financial crisis had it all: a botched liberalization, a huge boom followed by an even bigger bust, massive taxpayer-financed bailouts and, finally, deep long-run gains. The first-class team of scholars mobilized in this book convincingly tell a story that should be carefully studied by economists, bankers and policymakers. After this book, no one should be able to say: If we only knew ! Charles Wyplosz, Graduate Institute of International Studies, Geneva, Switzerland The financial crisis in Scandinavia in the early 1990s was a forerunner of the later world-wide crisis in 2007/8. Although the initial causation was different, the impact on their banks, though more localised, was just as severe. So we can benefit, and already policymakers have done so, from learning the lessons in this book on how to restore shattered banking systems to health. For this we owe a debt of gratitude to the editors, who have put together a series of key papers that emerged from a much larger exercise on the crisis that was earlier reported in four volumes in Swedish and Finnish. Amongst the many studies on current and past financial crises, this is a classic must-read . Charles A.E. Goodhart, London School of Economics, UK The Nordic experience with financial crisis resolution could not be more timely. Everyone cites it as an example of how it should be done , but rarely does one find careful and detailed analysis. Now policymakers and others searching for guidance will know where to look. Barry Eichengreen, University of California, Berkeley, US Following World War II, Nordic countries were commonly regarded as successful and stable economies. This perception was, however, shattered in the early 1990s when Finland and Sweden encountered severe financial crises. Here, the authors explore the symptoms of financial crisis decreasing real income, soaring unemployment and exploding public deficits and their devastating effects. The book compares and contrasts the experiences of Finland and Sweden, then adopts an international perspective, encompassing the experiences of Asia, Latin America, Denmark and Norway. Lessons from the 1990s crisis are drawn, and possible solutions prescribed. The conclusion is that long-term effects of financial crises financial liberalization and integration are not as dramatic as the short-term effects, but may prove to be of greater importance over time. Only the future will show whether these long-term benefits will balance or even outweigh the enormous short-term costs of the crises. Highly relevant to the current international financial crisis currently afflicting the world economy, this timely book will prove invaluable to economists and other social scientists with a general interest in financial crises, and to those with a more specific interest in the evolution and models of Scandinavian economies.
Author: Lars Mjoset Publisher: Emerald Group Publishing ISBN: 0857247778 Category : Political Science Languages : en Pages : 433
Book Description
A comprehensive analysis of the political economy of the five Nordic countries (Denmark, Finland, Iceland, Norway, and Sweden). It emphasizes the variety of experiences within the Nordic realm, from the dramatic collapse of Iceland's economy as the financial bubble burst in 2008 to the full-employment oil-economy of Norway.
Author: Nordic Council of Ministers Secretariat Publisher: Nordic Council of Ministers ISBN: 9289368632 Category : Business & Economics Languages : en Pages : 30
Book Description
Available online: https://pub.norden.org/temanord2020-542/ Nordic Economic Outlook 2020 The Nordic Economic Outlook is an annual report on the economic development in the Nordic countries in terms of growth, business cycles and public finance. The report is produced by the Nordic Council of Ministers and the content is prepared jointly by the Nordic Group of Macro Analysts (Nordiska konjunkturgruppen) with experts from the Finance Ministries in the five Nordic countries. The group has operated under the Nordic Council of Ministers since 2004 and exchanges information on macroeconomic and structural developments on a continuous basis.
Author: Mats Larsson Publisher: Springer Nature ISBN: 3030807754 Category : Business & Economics Languages : en Pages : 127
Book Description
This book deals with risk management and the organisation of banking in Swedish savings banks alongside the development in other European countries. The period of analysis begins with the establishment of the first savings banks in 1820 and ends in 1910. During this period, banking developed as a well-functioning system for deposits and credits. The book focuses on this development from a theoretical perspective connected to risk management and the role of trust and legitimacy in credits and savings. The analysis deals with the overall development of the Swedish banking system and the role of savings banks as well as bank connections with different groups of customers. Of interest to financial historians, academics, and researchers, it also analyses the role of insider lending and the practical aspects of granting credits, such as the use of collaterals and the level of interest rates to compensate higher risks.
Author: Adrian Robert Bazbauers Publisher: Routledge ISBN: 1000361330 Category : Business & Economics Languages : en Pages : 280
Book Description
This book explores the evolution of the 30 functioning multilateral development banks (MDBs). MDBs have their roots in the growing system of international finance and multilateral cooperation, with the first recognisable MDB being proposed by Latin America in financial cooperation with the US in the late 1930s. That Inter-American Bank did not eventuate but was a precursor to the World Bank being negotiated at Bretton Woods in 1944. Since then, a complex network of regional, sub-regional, and specialised development banks has progressively emerged across the globe, including two significant recent entrants established by China and the BRICS. MDBs arrange loans, credits, and guarantees for investment in member states, generally with the stated aim of fostering economic growth. They operate in both the Global North and South, though there are more MDBs focusing on emerging and developing states. While the World Bank and some of the larger regional banks have been scrutinised, little attention has been paid to the smaller banks or the overall system. This book provides the first study of all 30 MDBs and it evaluates their interrelationships. It analyses the emergence of the MDBs in relation to geopolitics, development paradigms and debt. It includes sections on each of the banks as well as on how MDBs have approached the key sectors of infrastructure, human development, and climate. This book will be of particular interest to researchers of development finance, global governance, and international political economy.
Author: A. Carretta Publisher: Springer ISBN: 1137293772 Category : Business & Economics Languages : en Pages : 255
Book Description
The current financial crisis started from the US real estate market and after, though the increase of risk premium requested by investors and due to the lack of liquidity of all financial markets, it became a world financial crisis. A detailed analysis during the crisis focuses attention on asset management, the real estate and public sector.
Author: Publisher: BRILL ISBN: 9004460012 Category : Law Languages : en Pages : 370
Book Description
Financing development requires access to financial resources. The AIIB Yearbook of International Law Volume 4 explores the role of international organizations in the development of local capital markets, their legal status under public international law and selected domestic jurisdictions, as well as innovations in resource mobilization and organizational structures. The volume collects insights from distinguished professionals who shed new light on the question of how international development organizations can raise the funds they need to tackle global challenges like the climate crisis, digitalization, or sustainable development. Only by addressing these challenges will international development organizations be able to fully deliver on their development mandate.
Author: Steffen Elkiær Andersen
Author: Steffen Elkiær Andersen
Author: Steffen Elkiær Andersen
Author: Gunilla Hermansson
Author: Lars Jonung
Author: Lars Mjoset
Author: Nordic Council of Ministers Secretariat
Author: Mats Larsson
Author: Adrian Robert Bazbauers
Author: A. Carretta
Author: