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Federal Reserve Bank of Cleveland
Economic Commentary
Effective practices in crisis resolution and the case of Sweden
Kent Cherny
O. Emre Ergungor

The current financial crisis is a painful reminder that the developed world is not yet immune to these devastating shocks. But while we haven’t learned to prevent them, we have learned some lessons about what is necessary to contain them once they begin and to limit the damage that follows. As policymakers worldwide focus on resolving the current financial crisis, they might look to Sweden as a useful model for effective strategies.

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Kent Cherny & O. Emre Ergungor, "Effective practices in crisis resolution and the case of Sweden" , Federal Reserve Bank of Cleveland, Economic Commentary, issue Feb, 2009.
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Keywords: Financial crises - Sweden
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