Sweden: 2009 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden

August 7, 2009

Preview Citation

Format: Chicago

Sweden: 2009 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden, (USA: International Monetary Fund, 2009) accessed November 27, 2024

Summary

This 2009 Article IV Consultation highlights that Sweden has been hit hard by the global financial crisis. Two of its banks built up large exposures in the Baltics that significantly increased loan losses beyond normal recessionary levels. In response to the crisis, the authorities have taken wide-ranging measures to stabilize the financial system and support demand. Executive Directors have welcomed the authorities’ prompt and appropriate policy responses, which have allayed immediate concerns with financial sector stability, and have helped cushion domestic demand.

Subject: Banking, Credit, Fiscal policy, Fiscal stance, Inflation, Money, Prices, Public debt

Keywords: Authority, Baltics, Board assessment of policy issue, Consumer durables, CR, Credit, Fiscal stance, Global, Inflation, ISCR, Rate, Riksbank, Staffs assessment, Statistics Sweden, Supervisory authority

Publication Details

Pages:

89
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/247
Stock No:

1SWEEA2009001
ISBN:

9781451836035
ISSN:

1934-7685

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