In 2015 Belarusian Economic Research and Outreach Center (BEROC) organized a series of workshops for the National Bank management. Seppo Honkapohja, Member of the Board, Bank of Finland and Iikka Korhonen, Head of BOFIT, shared his country’s experience in managing financial deregulation and dealing with banking crises. The topic of his presentation was «Managing financial deregulation: lessons from Finland, with comparisons to other Nordic countries».
Outline
I. Introduction: the aftermath of WWII in Europe
II. Close look at the Nordic countries
— Nordic financial systems in early 1980’s
— Financial deregulation, main aspects
III. Central issues in financial deregulation
— Problems in Nordic deregulations
— Lessons
IV. Managing the Finnish and other Nordic financial crises
— Crisis management
— Lessons