Sweden: 2009 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden
IMF Staff Country Reports, August 7, 2009
Source details
- Canonical URL
- Sweden: 2009 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Sweden
Other formats
Bibliographic details
- Published: August 7, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451836035.002
Key findings
- Sweden was hit hard by the global financial crisis.
- Two of its banks built up large exposures in the Baltics that significantly increased loan losses beyond normal recessionary levels.
- The authorities have taken wide-ranging measures to stabilize the financial system and support demand.
- Executive Directors welcomed the authorities’ prompt and appropriate policy responses, which have allayed immediate concerns with financial sector stability and have helped cushion domestic demand.
Policy responses and implications
- Authorities implemented wide-ranging measures to stabilize the financial system.
- Measures aimed to support domestic demand amid the global financial crisis.
- The policy response was assessed as prompt and appropriate by Executive Directors, contributing to financial sector stability and cushioning demand.
Executive Directors' assessment
- Executive Directors welcomed the authorities’ prompt and appropriate policy responses.
- Executive Directors judged these responses to have allayed immediate concerns with financial sector stability and to have helped cushion domestic demand.
Subjects and keywords
- Subjects: Banking, Credit, Fiscal policy, Fiscal stance, Inflation, Money, Prices, Public debt
- Keywords: authority, Baltics, board assessment of policy issue, consumer durables, CR, Credit, Fiscal stance, Global, Inflation, ISCR, rate, Riksbank, staffs assessment, statistics Sweden, supervisory authority
International Monetary Fund — Sweden: 2009 Article IV Consultation (August 7, 2009); canonical source: https://www.imf.org/en/publications/cr/issues/2016/12/31/sweden-2009-article-iv-consultation-staff-report-staff-statement-public-information-notice-23178
Content in this bundle
- Sweden’s Fiscal Rules