@book{bbb76292b8ac4f99875e728afaacaff2,
title = "Financialisation and the financial and economic crises: the case of Sweden",
abstract = "This study on Sweden examines the Swedish financialisation process through the lens of the global financial crisis and the subsequent Eurozone sovereign debt crisis. The emphasis of the study is twofold. First, by acknowledging the rapid and widespread Swedish financialisation process, it traces the transformation of Sweden from a {\textquoteleft}debt-led consumption boom{\textquoteright} country towards an {\textquoteleft}export-led mercantilist{\textquoteright} regime. Second, by highlighting the country{\textquoteright}s unique characteristics within such a classification, the study considers its ability to shield itself from some of the turbulence in the international financial markets following the recent crises. The outline of the report is as follows. Sections 1 and 2 provide a summary of key characteristics of the Swedish financialisation process since the 1980s. Section 3 studies the effects of the Swedish financialisation process in more detail by examining four channels in particular: investment, distribution, household consumption and the current account. Section 4 analyses the transmission mechanism of the global financial crisis and the Eurozone sovereign debt crisis vis-{\`a}-vis Sweden. Section 5 concludes. ",
keywords = "Sweden, Swedish model, Eurozone crisis, financialisation, financial system, financial crisis, banking crisis",
author = "Alexis Stenfors",
note = "This is the post-print version of an article published in FESSUD Studies in Financial Systems for which permission to publish in this Institutional Repository has been granted by the Publisher, {\textcopyright}FESSUD",
year = "2014",
month = dec,
day = "1",
language = "English",
series = "FESSUD Studies in Financial Systems",
publisher = "Financialisation, Economy, Society and Sustainable Development (FESSUD)",
number = "27",
}