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This paper measures the economy-wide impact of bank distress on the loss of relationship benefits. We use the near …-collapse of the Norwegian banking system during the period 1988 to 1991 to measure the impact of bank distress announcements on … the stock prices of firms maintaining a relationship with a distressed bank. We find that although banks experience large …
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of bank capital inflows. We also study domestic monetary policy and implications for capital flows. Domestic monetary …
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The current financial crisis, which has lasted almost one and a half years, is the 19th such crisis in the post-war period in advanced economies. Recent literature classifies the Nordic crises in Norway, Sweden and Finland in late 1980's and early 1990's among the Big Five crises that have...
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