Jonung, Lars; Kiander, Jaakko; Vartia, Pentti - Directorate-General Economic and Financial Affairs, … - 2008
This paper explores the anatomy of the boom, deep depression and recovery in the Finnish and Swedish economies in the period 1985-2000. These fifteen years are divided into three phases: (1) financial liberalization and the boom and the overheating of 1985-90, (2) the outbreak and spread of the...