Edited by Lars Jonung, Professor Emeritus, Department of Economics, Lund University, Sweden, Jaakko Kiander, Finnish Centre for Pensions, Finland and Pentti Vartia, Research Institute of the Finnish Economy, ETLA, Helsinki, Finland

• Contents:Preface1. IntroductionLars Jonung, Jaakko Kiander and Pentti VartiaPART I: THE CRISIS OF THE 1990s IN FINLAND AND SWEDEN 2. The Great Financial Crisis in Finland and Sweden: The Dynamics of Boom, Bust and Recovery 1985–2000 Lars Jonung, Jaakko Kiander and Pentti Vartia3. Financial Crisis in Finland and Sweden: Similar But Not Quite the SamePeter Englund and Vesa Vihriälä4. The Crisis of the 1990s and Unemployment in Finland and SwedenKlas Fregert and Jaakko Pehkonen5. How Costly was the Crisis in Finland and Sweden?Thomas Hagberg and Lars Jonung PART II: THE INTERNATIONAL CONTEXT6. The Boom and Bust Cycle in Finland and Sweden in an International PerspectiveLars Jonung, Ludger Schuknecht and Mika Tujula7. The Boom and Bust Cycle in NorwayErling Steigum8. How did Denmark Avoid a Banking Crisis?Claus Vastrup9. The Nordic and Asian Crises: Common Causes, Different OutcomesAri Kokko and Kenji SuzukiPART III: LESSONS FROM THE NORDIC CRISES10. Twelve Lessons from the Nordic Experience of Financial LiberalizationLars JonungIndex

'The Nordic financial crisis had it all: a botched liberalization, a huge boom followed by an even bigger bust, massive taxpayer-financed bailouts and, finally, deep long-run gains. The first-class team of scholars mobilized in this book convincingly tell a story that should be carefully studied by economists, bankers and policymakers. After this book, no one should be able to say: "If we only knew"!'