Jonung, Lars; Hagberg, Thomas - Directorate-General Economic and Financial Affairs, … - 2005
In the 1990s the world economy was hit by a series of unusually deep crises with far-reaching consequences, the first of which occurred in Finland and Sweden. This paper compares the cost of the crisis of the 1990s with the costs caused by all major crises and depressions since the 1870s in the...