Swedish Lessons for the US Banking System
Anders Borg, Minister of Finance of Sweden
Peterson Institute for International Economics, Washington, DC
April 24, 2009
Anders Borg, Minister of Finance of Sweden, presented his insights into the current financial crisis at a special meeting with the Institute, April 24, 2009. The Minister discussed with Institute experts the impact of the financial crisis on Europe and offered lessons for US policy from the successful Swedish bank resolution plan of the early 1990s.
Finance Minister Borg is an extraordinary public servant as well as politician, ascending to his current post at the age of 38 after years of increasingly senior policy roles in Sweden's Moderate Party. He has an extensive economics background, having been the head of economic analysis for SEB Bank and an advisor on monetary policy to the Executive Board of the Riksbank, Sweden's central bank. He completed his postgraduate studies in economics at Stockholm University.