6533b860fe1ef96bd12c2e22
RESEARCH PRODUCT
A Chronology of Financial Crises for Norway
Arngrim HunnesOla Honningdal Gryttensubject
Financebusiness.industrymedia_common.quotation_subjectBusiness cycleEconomicsReal economybusinessFinancial instabilityIndependencemedia_commonChronologydescription
The paper offers a chronology of financial crises in Norway from her independence in 1814 till present times. Firstly, business cycles, covering almost two hundred years of economic history are mapped. These reveal years of crises in the real economy. These seem to coincide with most of the major financial crises. Secondly, the paper the financial crises are described chronologically. Thirdly, the paper investigates key patterns in credit and money volumes. It concludes that major financial crises typically took place after substantial money and credit expansion causing financial instability, loss of long term equilibriums, overheating and bubbles followed by severe meltdowns in the economy.
| year | journal | country | edition | language |
|---|---|---|---|---|
| 2010-01-01 | SSRN Electronic Journal |