How to Tackle A Financial Crisis:
The Case of Sweden in the 1990s

The current financial crisis in the United States seems to bear important resemblance to the crisis of Sweden in the 1990s, which stemmed largely from credit expansion and a boom in housing.  Both cases share the same central challenge: managing the credit problem and guaranteeing the stability of the financial system without jeopardizing the functioning of market mechanisms.  Experiences and lessons learned from Sweden's successful policy response may be very relevant to the emerging new financial landscape in the United States.

The Consulate General of Sweden and NASDAQ OMX present a seminar on September 9 to discuss government policy response to financial crises. Some key persons involved in resolving the Swedish crisis of the 1990s will share their experiences and, together with financial market experts from New York, attempt to shed light on options for policy action in the United States today. The confirmed keynote speaker will be Mr. Bo Lundgren, then Minister for Fiscal and Financial Affairs in the Swedish Government.

How to Tackle A Financial Crisis: The Case of Sweden in the 1990s
Tuesday, September 9
Scandinavia House
58 Park Avenue at 38th Street
New York City

Registration required by September 2 at financialseminar@swedenny.com

For more information, contact Lars Östling at lars.ostling@foreign.ministry.se

PROGRAM

3:30 pm         
Welcome and Introductory Remarks

3:40 pm
An Overview of the Swedish Banking Crisis – The Treasury Perspective
Bo Lundgren, Director General for the Swedish National Debt Office

4:10 pm
The Central Bank Perspective
Lars Hörngren

4:30 pm
Coffee Break

4:45 pm
The Banking Sector Perspective
Speaker to be confirmed

5:00 pm
Lessons to Learn for the United States? 
Panel discussion moderated by Udayan Gupta, WSJ Journalist and Author
   - Bo Lundgren
   - Magnus Böcker, NASDAQ OMX
   - Madelyn Antoncic, Lehman Brothers

6:00 – 8:00 pm               
Reception