Corsetti, Giancarlo; Roubini, Nouriel - In: Finnish Economic Papers 9 (1996) 1, pp. 18-36
The Finnish fiscal balances severely deteriorated during the deep recession of the early 1990s with large fiscal deficits and significant increases in the public debt to GDP ratio. On the external side, current account deficits led to a large accumulation of external debt. While part of the...