Why do Banking Crises Occur? An Evolutionary Model of Swedish Banking Crises

  • Hans Sjögren
  • Sverre Knutsen
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)


About 150 systemic banking crises have been documented globally throughout the period 1980–2009, where the latest are emanating from extensive sub-prime loans in the United States. As a contrast, no such crises were registered for the preceding 25 years. Reflecting on this historical process, academic interest in banking crises was almost nonexistent in mainstream economics during the post-war era. After 1990, however, this growth in the number of banking crises has spawned a substantial expansion of research into the causes and consequences of financial instability. The crisis related to sub-prime loans in the U.S. gives further interest into this type of study.


Interest Rate Real Estate Monetary Policy Commercial Bank Banking Sector 
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© Hans Sjögren and Sverre Knutsen 2010

Authors and Affiliations

  • Hans Sjögren
  • Sverre Knutsen

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