Family dynasties: the evolution of global business in Scandinavia
In: Routledge international studies in business history 40
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In: Routledge international studies in business history 40
In: New horizons in law and economics
In: Business history, Band 65, Heft 8, S. 1366-1389
ISSN: 1743-7938
In: Scandinavian economic history review, Band 57, Heft 2, S. 156-171
ISSN: 1750-2837
In: Business history, Band 38, Heft 3, S. 27-47
ISSN: 1743-7938
This article addresses the role of the state in bailouts, i.e. government objectives and measures during banking crises. Our main question concerns the incentives and measures that governments pursue in a state of a systemic banking crisis, and why they are launched. What have been the objectives and operations when a government has decided to act as an investor of last resort and take control of commercial banks? The answer is limited to cover the financial history of two countries. The study unveils government interventions in the latest crises in Denmark and Sweden, and critically analyse which objectives justified the setting up of organisations for financial stability. The two country-cases differ in terms of historical experience, context, and time-period. We compare intrinsic principles and perceptions for government intervention, with a focus on bailouts and state-owned banks. We argue that the implementation of measures dates back to the early phases of capitalism in the 19th century i.e. is part of a historical institutional pattern. The similarities shown indicate that there is an international standard for a public-private arrangement ensuring financial stability. Our results relate to the discussion of launching effective and legitimate state policies during and after a systemic banking crisis. ; Funding Agencies|Aners stiftelse and Nasdaq Nordic Foundation
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In: Scandinavian economic history review, Band 67, Heft 2, S. 171-189
ISSN: 1750-2837
In: Business history, Band 59, Heft 4, S. 572-606
ISSN: 1743-7938
In: Family Business Review 2011, 24(4): 362-371
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