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1990–1994 Swedish Financial Crisis
The 1990–1994 Swedish financial crisis took place in Sweden when the deflation of a housing bubble caused a severe credit crunch and bank crisis and a deep recession. Similar crises took place in countries around the same time, such as in Finland and the Savings and Loans crisis in the United States. The causes of the crisis were similar to those of the subprime mortgage crisis of 2007–2008. In response, the government took the following actions: * The government announced the state would guarantee all bank deposits and creditors of the nation's 114 banks. * Sweden's government assumed bad bank debts, but banks had to write down losses and issue an ownership interest (common stock) to the government. Shareholders at the remaining large banks were diluted by private recapitalizations (meaning that they sold equity to new investors). Bondholders at all banks were protected. * Nordbanken and Götabanken were granted financial support and nationalized at a cost of 64 billion ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sweden
Sweden, formally the Kingdom of Sweden, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, and Finland to the east. At , Sweden is the largest Nordic country by both area and population, and is the List of European countries by area, fifth-largest country in Europe. Its capital and largest city is Stockholm. Sweden has a population of 10.6 million, and a low population density of ; 88% of Swedes reside in urban areas. They are mostly in the central and southern half of the country. Sweden's urban areas together cover 1.5% of its land area. Sweden has a diverse Climate of Sweden, climate owing to the length of the country, which ranges from 55th parallel north, 55°N to 69th parallel north, 69°N. Sweden has been inhabited since Prehistoric Sweden, prehistoric times around 12,000 BC. The inhabitants emerged as the Geats () and Swedes (tribe), Swedes (), who formed part of the sea-faring peopl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Urban Bäckström
Urban Bäckström (born 25 May 1954 in Sollefteå, Västernorrlands län) is a Swedish economist who was CEO of the Confederation of Swedish Enterprise from 2005 to 2014 and governor of the Bank of Sweden from 1994 to 2002. Personal life Bäckström grew up in Visby and Helsingborg and graduated with a degree in economics from Stockholm University. He is married to Ewa, who works for SAS. The couple has two children. Career Urban Bäckström started his career at the Ministry of Finance during the Thorbjörn Fälldin government. He was later the chief economist for the centre-right Moderate Party. While state secretary at the Ministry of Finance he was involved among other things in the management of Sweden's financial crisis of the early 1990s. In 1994 he was appointed governor of the Bank of Sweden. After the 1997 Asian financial crisis, Bäckström worked to restabilize the krona, which had begun to be affected by the worldwide crisis during the second quarter of 1998. As ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bad Banks
Bad or BAD may refer to: Common meanings *Evil, the opposite of moral good * Erroneous, inaccurate or incorrect *Unhealthy, or counter to well-being *Antagonist, the threat or obstacle of moral good Acronyms * BAD-2, a Soviet armored trolley car * Bank account debits tax, an Australian tax * Bcl-2-associated death promoter, a pro-apoptotic protein * Team B.A.D., a professional wrestling tag team Films * ''Andy Warhol's Bad'', a 1977 film * ''Bad'', an unfinished film by Theo van Gogh * ''Bad'' (2025 film), an Indian Kannada-language action thriller film Music Performers * B. A. D., the Taiwanese boy band, who formed in 1998 * Big Audio Dynamite, Mick Jones' post-Clash band, from London * Royce da 5'9", the American rapper known as Bad, in the group Bad Meets Evil Albums * ''Bad'' (album), a 1987 album by Michael Jackson * ''BAD'', or ''Bigger and Deffer'', the second album by LL Cool J, 1987 Songs * "Bad" (U2 song), 1984 * "Bad" (Michael Jackson song), 1987 * "Bad", ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1994 In Sweden
The year 1994 was designated as the " International Year of the Family" and the "International Year of Sport and the Olympic Ideal" by the United Nations. In the Line Islands and Phoenix Islands of Kiribati, 1994 had only 364 days, omitting December 31. This was due to an adjustment of the International Date Line by the Kiribati government to bring all of its territories into the same calendar day. Events January * January 1 ** The North American Free Trade Agreement (NAFTA) is established. ** Beginning of the Zapatista uprising in Mexico. * January 8 – ''Soyuz TM-18'': Valeri Polyakov begins his 437.7-day orbit of the Earth, eventually setting the world record for days spent in orbit. * January 11 – The Irish government announces the end of a 15-year broadcasting ban on the Provisional Irish Republican Army and its political arm Sinn Féin. * January 14 – U.S. President Bill Clinton and Russian President Boris Yeltsin sign the Kremlin accords, which stop the prepr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1993 In Sweden
Events from the year 1993 in Sweden Incumbents * List of Swedish monarchs, Monarch – Carl XVI Gustaf * Prime Minister of Sweden, Prime Minister – Carl Bildt Events January * 1 January – The Sami Parliament of Sweden established. Undated *Svea Fireworks company is founded. Popular culture Literature * ''Blackwater (novel), Händelser vid vatten'', novel by Kerstin Ekman, winner of the August Prize. Sports * The 1993 Allsvenskan was won by IFK Göteborg Births *2 January – Jonna Andersson, footballer *8 January – William Karlsson, ice hockey player *12 January – Branimir Hrgota, footballer *17 January – Amanda Ilestedt, footballer *7 February – Davor Blažević, footballer *26 February – Léon (Swedish singer), Léon, singer and songwriter *1 March – Victor Rask, ice hockey player *11 March – Simon Hedlund, footballer *28 March – Armada (gamer), Adam Lindgren, gamer *31 March – Mikael Ishak, footballer *10 April – Sam Larsson, footballer *16 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1992 In Sweden
Events from the year 1992 in Sweden Incumbents * List of Swedish monarchs, Monarch – Carl XVI Gustaf * Prime Minister of Sweden, Prime Minister – Carl Bildt Events * The French School in Gothenburg was founded in Gothenburg. Popular culture Literature * ''Medan tiden tänker på annat'', novel by Niklas Rådström, winner of the August Prize. Film * 26 September – ''Lotta på Bråkmakargatan'' was released in Sweden. The film was based on books by Astrid Lindgren, and was directed by Johanna Hald. Sports * In 1992, Sweden hosted the UEFA European Football Championship, where Denmark clinched the title, marking a significant achievement in their football history. Additionally, Sweden participated in the Summer Olympics in Barcelona, sending a team of 187 athletes across 22 sports. Births * 2 January – Viktor Claesson, footballer * 8 January – Patrik Carlgren, football goalkeeper * 19 January – Nicklas Bärkroth, footballer * 23 January – Serge-Jun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1991 In Sweden
Events from the year 1991 in Sweden Incumbents * List of Swedish monarchs, Monarch – Carl XVI Gustaf * Prime Minister of Sweden, Prime Minister – Ingvar Carlsson, succeeded by Carl Bildt Events *15 September – 1991 Swedish general election and 1991 Swedish municipal elections * The Djurö National Park was established Popular culture Film * 11 February – The 26th Guldbagge Awards were presented Births *24 January – Andreas Forsström, professional ice hockey player *13 February – Pontus Jansson, football player *22 February – Tobias Ludvigsson, cyclist *30 March – AronChupa, rapper, singer, songwriter, DJ and record producer *21 April – Kenza Zouiten, fashion model *24 April – Elisa Lindström, singer *26 April – Adrian Granat (Boxer), Adrian Granat, professional boxer *11 May – Marcus Rohdén, football player *29 May – Oskar Eriksson, curler, Olympic medalist 2014 *29 May – Tom Ljungman, actor *6 Jul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1990 In Sweden
Events from the year 1990 in Sweden Incumbents * List of Swedish monarchs, Monarch – Carl XVI Gustaf * Prime Minister of Sweden, Prime Minister – Ingvar Carlsson Events * 15 February – After its demand for a vote of confidence, to fight the burgeoning economic crisis, is voted down by the Riksdag, Prime Minister Ingvar Carlsson tenders his cabinet's resignation to the Speaker, Thage G. Peterson. Because a Socialist majority still exist in the Riksdag, Carlsson returns as Prime Minister in charge of a new and reconstituted Social Democratic Cabinet. Popular culture Film *5 February – The 25th Guldbagge Awards were presented Literature *Jan Arnald, Arne Dahl – ''Chiosmassakern'' Births *15 January – Emil Herge, footballer *10 March – Calle Lindh, alpine skier *31 March ** Markus Olsson, handball player ** Sandra Roma, tennis player *23 April – Sofia Jakobsson, footballer *25 May – Simon Gustafsson, speedway rider *9 August – Bill Skarsgård, actor *29 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
