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WELCOME TO ETLA'S WEBSITE
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NORDICS IN GLOBAL CRISIS - VULNERABLE BUT RESILIENT?
During
the past two years, the world has experienced its most severe slump since
the Great Depression in the 1930s. The Nordic countries have been hit
harder than most other countries.
The book “Nordics in Global
Crisis – Vulnerability and Resilience” is a report on the
global financial and economic crisis from the point of view of small open
economies with particular reference to the Nordic economies. Written by
eminent economists and authoritative experts – Professor Thorvaldur
Gylfason (Universsity of Iceland), Professor Bengt Holmström
(MIT), Managing Director Sixten Korkman (ETLA), Professor Hans
Tson Söderström (Stockholm School of Economics) and Ph. D. Vesa
Vihriälä (Prime Minister’s Office) - the report discusses a
number of important questions:
Why were the Nordic countries hit
hard by a crisis, which apparently had little if anything to do with the
stability of their own financial systems or with their competitiveness in
global markets? What have the Nordics done and what could they do to
alleviate the domestic consequences of the crisis? What are the lessons of
the crisis with regard to monetary policy and the different choices of
monetary regime across the Nordic region? How can fiscal consolidation and
a resumption of economic growth best be reconciled? Should the Nordic
countries reconsider their outward-looking growth model in view of a more
unstable global economy? Is the Nordic socio-economic model an asset or a
liability in the light of the crisis?
For more information, please
click on the link on the left.
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