The 1990's Financial Crises in Nordic Countries

Does Economic Collaboration Adjust The Effects Of Financial Crises On Poverty In The Islamic Countries

The 1980s financial liberalization in the Nordic countries

The financial liberalization in the four Nordic countries (Denmark, Finland, Norway, and Sweden) that took place mostly in the 1980s led to a major financial crisis in three of those countries. The crises in Finland, Norway, and Sweden are among the deepest financial crises in advanced market economies since World War II. Denmark experienced some banking problems but managed to avoid a systemic...

Contagion Phenomena in Financial Crises: Evidence from the Portuguese and Spanish Exchange Rate Crises in the Early 1990s

Based on the experience of the Portuguese and Spanish financial crises in the early 1990s, this paper suggests that the spillover of exchange rate crises may reveal a particular dimension of the financial contagion effect: the presumption of mimetic behaviour by monetary authorities. This paper analyses the evolution of the credibility of the Escudo and the Peseta. We set out to test the existe...

Novelties of Financial Crises in the 1990s and the Search for New Indicators

This paper argues, first, that, despite some similarities, financial crises in the 1990s have featured substantial differences between them: the ERM crisis of 1992-93 was mainly due to stringent monetary policies; the Mexican crisis of 1994-95 was associated to private overconsumption; and the East Asian crises of 1997-99 were basically the result of private overinvestment. Therefore, as crises...

Determinants of Bonanza Episodes and Related Effects on Financial Crises in Emerging Market Countries

Although capital inflows affect positively economies in long-run, it is possible to generate somehow destructive effects if there is no any control on financial markets. This study tries to explore main determinants of large capital inflows episodes to emerging markets. It is also investigated whether the large capital inflows episodes lead to financial crises in forms of sudden stop phenomenon...