Nordic Banking Crisis

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Financial liberalisation was followed like a religion and suddenly, in the early 90s a devastating crisis smashed through. Bad banking practices, lack of market discipline, loopholes in regulatory framework and adverse macroeconomic fundamentals proved suicidal for banks, even in the most advanced nations. The Nordic banking crisis was one of its kind and banks in countries like Sweden, Norway and Finland were severely affected. The crisis was marked by lending booms, currency maturity mismatches, asset bubble bursts, and significant movement in interest rates. The magnitude of the crisis forced governments of affected countries to intervene to rescue banks.

For Complete IIPM-Article, Click on IIPM-Editorial Link

Source IIPM-Editorial,2006

Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

• Hindustan Times Article - Publisher goes underground
• Rashmi Bansal (Editor of JAMMAG)
• Rashmi Bansal (Publisher of JAMMAG)