In the Early 1990s Banking Crises Occurred in Finland, Sweden

question 206

Multiple Choice

In the early 1990s banking crises occurred in Finland, Sweden, and Japan because:

• A)of real estate bubbles in each country.
• B)the central banks of these countries were prohibited from conducting monetary policy.
• C)the value of the euro fell to historically low levels.
• D)there were many runs on banks.

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