Lars Heikensten: The Riksbank and risks in the financial system (Central Bank Articles and Speeches)
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چکیده
The Government and the Riksdag (the Swedish parliament) therefore faced a choice to make a very rapid decision to provide the banks with support without actually knowing how extensive this support would have to be or to suffer a financial crisis with unforeseeable consequences for the Swedish economy. The decision made was the only reasonable solution to save the Swedish banks. However, the Riksdag was forced to make a decision, without the necessary information on the extent and causes of the crisis, which could have cost the central government budget SEK 100 billion or more.
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