The Swedish model for resolving the banking crisis of 1991 – 93. Seven reasons why it was successful (EUROPEAN ECONOMY. ECONOMIC PAPERS. 360. February 2009. European Commission. Brussels. 27pp. Tab. Graph. Ann. Bibliogr. Free) “This study presents the main features of the Swedish approach for resolving the banking crisis of 1991-93 by condensing them into seven policy lessons. The main features of the Swedish approach to the banking crisis of 1991-93 concern:

• political unity,
• a government blanket guarantee,
• swift policy action,
• an adequate legal and institutional framework,
• full disclosure of information,
• a differentiated resolution policy, and
• the proper design of macroeconomic policies.
• Related postings on financial system