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- Swedish_banking_rescue abstract "During 1991 and 1992, a housing bubble in Sweden deflated, resulting in a severe credit crunch and widespread bank insolvency. The causes were similar to those of the subprime mortgage crisis of 2007–2008. In response, the government took the following actions:The government announced the state would guarantee all bank deposits and creditors of the nation’s 114 banks.Sweden's government assumed bad bank debts, but banks had to write down losses and issue an ownership interest (common stock) to the government. Shareholders at the remaining large banks were diluted by private recapitalizations (meaning that they sold equity to new investors). Bondholders at all banks were protected.Nordbanken and Götabanken were granted financial support and nationalized at a cost of 64 billion kronor. The firms' bad debts were transferred to the asset-management companies Securum and Retriva which sold off the assets, mainly real estate, that the banks held as collateral for these debts.When distressed assets were later sold, the proceeds flowed to the state, and the government was able to recoup more money later by selling its shares in the nationalized banks in public offerings.Sweden formed the Bank Support Authority to supervise institutions that needed recapitalization.This bailout initially cost about 4% of Sweden's GDP, later lowered to between 0-2% of GDP depending on various assumptions due to the value of stock later sold when the nationalized banks were privatized.In September 2008, economists Brad DeLong and Paul Krugman have proposed the Swedish experiment as a model for what should be done to solve the economic crisis currently affecting the United States. Swedish leaders who played a role in devising the Swedish solution and have spoken about the implications for other countries include Urban Bäckström and Bo Lundgren.".
- Swedish_banking_rescue thumbnail Occupy_Oakland_Nov_12_2011_PM_56.jpg?width=300.
- Swedish_banking_rescue wikiPageID "19537953".
- Swedish_banking_rescue wikiPageRevisionID "564501624".
- Swedish_banking_rescue hasPhotoCollection Swedish_banking_rescue.
- Swedish_banking_rescue subject Category:1991_in_Sweden.
- Swedish_banking_rescue subject Category:1991_in_economics.
- Swedish_banking_rescue subject Category:1992_in_economics.
- Swedish_banking_rescue subject Category:Bad_banks.
- Swedish_banking_rescue subject Category:Economic_disasters_in_Europe.
- Swedish_banking_rescue subject Category:Economic_history_of_Sweden.
- Swedish_banking_rescue subject Category:Financial_crises.
- Swedish_banking_rescue type Abstraction100002137.
- Swedish_banking_rescue type Attribute100024264.
- Swedish_banking_rescue type Calamity107314838.
- Swedish_banking_rescue type Condition113920835.
- Swedish_banking_rescue type Crisis113933560.
- Swedish_banking_rescue type Difficulty114408086.
- Swedish_banking_rescue type EconomicDisastersInEurope.
- Swedish_banking_rescue type Event100029378.
- Swedish_banking_rescue type FinancialCrises.
- Swedish_banking_rescue type Happening107283608.
- Swedish_banking_rescue type Misfortune107304852.
- Swedish_banking_rescue type PsychologicalFeature100023100.
- Swedish_banking_rescue type Situation114411243.
- Swedish_banking_rescue type State100024720.
- Swedish_banking_rescue type Trouble107289014.
- Swedish_banking_rescue type YagoPermanentlyLocatedEntity.
- Swedish_banking_rescue comment "During 1991 and 1992, a housing bubble in Sweden deflated, resulting in a severe credit crunch and widespread bank insolvency. The causes were similar to those of the subprime mortgage crisis of 2007–2008.".
- Swedish_banking_rescue label "Kryzys bankowy w Szwecji".
- Swedish_banking_rescue label "Sauvetage du système bancaire suédois".
- Swedish_banking_rescue label "Schwedische Bankenkrise von 1990 bis 1992".
- Swedish_banking_rescue label "Swedish banking rescue".
- Swedish_banking_rescue sameAs Schwedische_Bankenkrise_von_1990_bis_1992.
- Swedish_banking_rescue sameAs Sauvetage_du_système_bancaire_suédois.
- Swedish_banking_rescue sameAs Kryzys_bankowy_w_Szwecji.
- Swedish_banking_rescue sameAs m.04n4g_4.
- Swedish_banking_rescue sameAs Q546782.
- Swedish_banking_rescue sameAs Q546782.
- Swedish_banking_rescue sameAs Swedish_banking_rescue.
- Swedish_banking_rescue wasDerivedFrom Swedish_banking_rescue?oldid=564501624.
- Swedish_banking_rescue depiction Occupy_Oakland_Nov_12_2011_PM_56.jpg.
- Swedish_banking_rescue isPrimaryTopicOf Swedish_banking_rescue.