Download or read book The crisis of the Finnish economy written by Seppo Honkapohja and published by . This book was released on 1993 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economic Prosperity Recaptured written by Seppo Honkapohja and published by MIT Press. This book was released on 2009-04-03 with total page 157 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many countries have experienced major economic changes since the mid-1980s as a result of the deregulation and liberalization of national financial systems—two key aspects of globalization—with some experiencing boom and bust in rapid succession. The small Northern European country of Finland has been hailed as a success story for achieving renewed economic growth and prosperity after a financial crisis and deep depression in the early 1990s. Economic Prosperity Recaptured offers a detailed analysis of the rapid swings in Finland's recent economic development, from initial overheating in the late 1980s through deep crisis in the early 1990s to recovery and growth since the mid-1990s. Finland's complex road to recovery offers excellent examples of both unsuccessful and successful policy responses to changing circumstances. The authors examine the three relatively distinct periods of Finland's recent experience, analyzing the adequacy of the macroeconomic policy response in each case. They assess the real economic effects of financial constraints and look for evidence of the "credit channel" of the monetary system. Finland's rapid economic growth since the mid-1990s is largely the result of its structural transformation into a high-tech economy; Nokia is the most famous example of this information and communication technology success. Elaborating on Finland's ICT revolution, the authors demonstrate that well-designed economic policies contributed to Finland's economic turnaround. CESifo Book series
Download or read book The Great Financial Crisis in Finland and Sweden written by Lars Jonung and published by Edward Elgar Publishing. This book was released on 2009-01-01 with total page 351 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Nordic financial crisis had it all: a botched liberalization, a huge boom followed by an even bigger bust, massive taxpayer-financed bailouts and, finally, deep long-run gains. The first-class team of scholars mobilized in this book convincingly tell a story that should be carefully studied by economists, bankers and policymakers. After this book, no one should be able to say: If we only knew ! Charles Wyplosz, Graduate Institute of International Studies, Geneva, Switzerland The financial crisis in Scandinavia in the early 1990s was a forerunner of the later world-wide crisis in 2007/8. Although the initial causation was different, the impact on their banks, though more localised, was just as severe. So we can benefit, and already policymakers have done so, from learning the lessons in this book on how to restore shattered banking systems to health. For this we owe a debt of gratitude to the editors, who have put together a series of key papers that emerged from a much larger exercise on the crisis that was earlier reported in four volumes in Swedish and Finnish. Amongst the many studies on current and past financial crises, this is a classic must-read . Charles A.E. Goodhart, London School of Economics, UK The Nordic experience with financial crisis resolution could not be more timely. Everyone cites it as an example of how it should be done , but rarely does one find careful and detailed analysis. Now policymakers and others searching for guidance will know where to look. Barry Eichengreen, University of California, Berkeley, US Following World War II, Nordic countries were commonly regarded as successful and stable economies. This perception was, however, shattered in the early 1990s when Finland and Sweden encountered severe financial crises. Here, the authors explore the symptoms of financial crisis decreasing real income, soaring unemployment and exploding public deficits and their devastating effects. The book compares and contrasts the experiences of Finland and Sweden, then adopts an international perspective, encompassing the experiences of Asia, Latin America, Denmark and Norway. Lessons from the 1990s crisis are drawn, and possible solutions prescribed. The conclusion is that long-term effects of financial crises financial liberalization and integration are not as dramatic as the short-term effects, but may prove to be of greater importance over time. Only the future will show whether these long-term benefits will balance or even outweigh the enormous short-term costs of the crises. Highly relevant to the current international financial crisis currently afflicting the world economy, this timely book will prove invaluable to economists and other social scientists with a general interest in financial crises, and to those with a more specific interest in the evolution and models of Scandinavian economies.
Download or read book Viewpoints on Three Assessments of Finland s Economic Crisis and Economic Policy written by Jarmo J. Kontulainen and published by . This book was released on 2016 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper summarizes the basic arguments given by professors Christian Bordes, David Currie and Hans Söderström in their reports on the state and behaviour of the Finnish economy prior to mid 1993. The focus is primarily on the analytical frameworks or models used by the professors to organize their thoughts on the Finnish economy, and, admittedly, at some risk of over-simplification interpretes the reports through common analytical principles. The paper argues that basically each of the reports subscribes to the idea of a credit cycle as the driving force behind the development of the Finnish economy during the last ten years or so. Thus the very nature of the credit cycle is analyzed in the paper and interpreted in a way suitable for economic policy analysis. This discussion is followed by the policy analysis, which is organized through a sequence of policy issues and proposals raised by the professors in their reports. The paper tries to emphasize and evaluate those aspects of the analysis pursued by the professors which relate to the (lack of) credibility of the then prevailing policy regime and the feasibility of the various policy measures taken. Finally, the paper draws attention to some of the ideas discussed by the professors related to future policy options in Finland.
Download or read book Three Assessments of Finland s Economic Crisis and Economic Policy written by Christian Bordes-Marcilloux and published by . This book was released on 1993 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Focuses on the short-term and long-term causes underlying the current state of the economy, including the role of economic policy, the links between stabilization policy and structural development, and monetary policies. Covers the period from 1980 to 1992.
Download or read book Viewpoints on Three Assessments of Finland s Economic Crisis and Economic Policy written by Jarmo Kontulainen and published by . This book was released on 1994 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tiivistelmä.
Download or read book The Road to Prosperity written by Jari Ojala and published by Suomalaisen Kirjallisuuden Seura. This book was released on 2006 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Finnish economy is a victory over hardship, a success story with few equivalents. During the period 1860-2000 the gross domestic product grew 21-fold, while EU nations on average achieved 11-fold growth. Today, Finland is known for its competitiveness, high educational standards, negligible corruption, expertise in creating and using high technology, and successful companies, most notably Nokia. This book tells how Finland astonishingly evolved from an internationally insignificant agrarian economy to the affluent, knowledge-based, welfare society that it is now. The Road to Prosperity: An Economic History of Finland offers an overview of several centuries of economic progress -- with a keen eye on negative effects of growth. The articles in this beautifully illustrated work contain long-term analyses of business, foreign trade, agriculture, and employment. In addition, there is coverage of the development of banking, the public sector, income distribution, the advance of the information society, and welfare. And the Finnish story is woven seamlessly into the tapestry of international economics. The contributors are prominent scholars of Finnish economic history and economics; the foreword being a product of distinguished American economic historian Joel Mokyr, winner of the Heineken Prize for History 2006.
Download or read book Comparing Post War Japanese and Finnish Economies and Societies written by Yasushi Tanaka and published by Routledge. This book was released on 2014-11-13 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book compares two countries with striking parallels in economic and political outcomes, yet with some distinct features in terms of institutional structures, relative size, and culture. Therefore, this book forms a fruitful platform for the study of the similarities and differences in the economic and societal development of Japan and Finland. Despite their geographic distance from one another and the aforementioned differences, both countries experienced rather similar economic and societal development patterns after the Second World War. The study of these societies both individually and through commonalities will provide a unique perspective on the emergence of modern economies and institutions. The book provides comprehensive coverage on issues such as welfare state formation and society, security and military spending, education system, industrial development, international trade, governmental economic policies, energy solutions, and bubbles and their collapse; thus, issues typical for these countries, as well as most modern states, studied from a longitudinal perspective. The book aims to answer a fundamental question in social science: Why do there seem to be common trends and developmental paths among countries differing in size, culture, and economic structure? This book will provide insights for those seeking to decipher how the developments in their own countries came about and where they may be headed to.
Download or read book The Economic Crisis of the 1990s in Finland written by Seppo Honkapohja and published by . This book was released on 1999 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Finnish Economy 1860 1985 written by Riitta Hjerppe and published by . This book was released on 1989 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Great Financial Crisis in Finland and Sweden written by Lars Jonung and published by . This book was released on 2008 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper explores the anatomy of the boom, deep depression and recovery in the Finnish and Swedish economies in the period 1985-2000. These fifteen years are divided into three phases: (1) financial liberalization and the boom and the overheating of 1985-90, (2) the outbreak and spread of the crisis to all sectors of the economy in 1990-92, and (3) the recovery 1993-2000. Each period is analyzed separately."--Publication information page.
Download or read book Down from the Heavens Up from the Ashes written by Jorma Kalela and published by . This book was released on 2001 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book How Costly was the Crisis of the 1990s written by Lars Jonung and published by . This book was released on 2005 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Finland as a Knowledge Economy 2 0 written by Kimmo Halme and published by World Bank Publications. This book was released on 2014-04-21 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: Finland is known for its consistent progress in the economy and competitiveness, as well as the egalitarian society underneath it. Yet, the challenges experienced by Finland in the beginning of the 20th century were similar to those experienced by many countries today. Finland emerged as an independent nation in the midst of international economic and political turbulence. In spite of its remoteness, relative scarcity of natural resources, smallness of the home market and recent history characterized by wars and social cleavages, Finland transformed itself from an agriculture-based economy in the 1950’s into one of the leading innovation-driven, knowledge-based economies and high-tech producers in the twenty-first century. The development was rapid, and involved determined action and sometimes drastic decisions by the government and other key actors. Today, at the end of 2013, Finland is facing new types of challenges both domestically and internationally in efforts to maintain its societal sustainability and economic competitiveness. Finland Knowledge Economy 2.0 presents some of the key policies, elements, initiatives and decisions behind Finland’s path into the Knowledge Economy of today. The authors hope to provide the readers inspiration, new ideas, and novel insights. Hopefully some of the lessons learned may prove valuable in another context. Based on this account of the development of Finnish Knowledge Economy, the authors have identified six areas of lessons, each described in detail in respective chapters. The book should not be seen as a scientific all encompassing study, but rather as a “Knowledge Economy cook-book”, with practical cases, links and insights provided for further exploration.
Download or read book The Finnish Banking Crisis and Its Handling written by Peter Nyberg and published by . This book was released on 1993 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Nordics in Global Crisis written by Thorvaldur Gylfason and published by . This book was released on 2010 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The History of Finnish Economic Thought 1809 1917 written by Sakari Heikkinen and published by . This book was released on 2000 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:
