Sweden-RandyPicker,UniversityofChicagoLawSchool.pptVIP

SWEDEN IN CRISIS;*;Swedish Financial Crisis ;;The Good Old Days;The Twin Crises: Banking and Currency;Deregulation in 1985;Monetary Policy;Political Factors;The Late 1980s;Putting on the Brakes;*;*;Reduced Demand For Real Estate ;Real Estate Data;Fixed Exchange Rate Abandoned;Folding of Nyckeln;CRISIS!;How Bad Did It Get?;What to do? ;Key Goals;Nationalize it!;Bank Grading;Asset Management Companies;Long-term;LESSONS;Lesson #1: Nationalization;Lesson #2: Repairing Confidence;Lesson #3: Let an Independent Agency Take the Reins;Lesson #4: Transparency;But Beware!;WHY NOT?!