Financial Reform in a Crisis: The Swedish Solution

The transcript discusses Sweden's approach to financial crises, particularly during the early 1990s, and compares it to the US response to the 2008 crisis. The Swedish model, which involves nationalizing banks and ensuring taxpayer benefits, is explored. The impact of the 2008 crisis on Swedish banks and the Latvian banking system is analyzed. The discussion also covers ideological and practical challenges in adopting the Swedish model in other countries.

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