Infos zum Thema sweden

Sweden was - like any major economy in the world - hit hard by the financial crisis, the smaller Scandinavian country silently managed it's way to escape the trap. The author points out five major reasons (devaluation of it's currency, social welfare system, expierience from Sweden's 1990s banking crisis, ...) why the country dealt better with the crisis when some of the "leading economies".

To rescue failed banks either government could bail it out or bondholders could (be forced to) bail it, that is the debt is converted to equity. Denmark is the first European country which has made is a law and now Sweden thinking about following. An interesting trend!

Fishback compares the amounts spend on social welfare in the US and the Scandinavian countries. His findings do not support the common view that the US social security system is far off the European one. At least in financial terms. This leads me to the question, which role the distribution and efficiency of social welfare payment play.