Nordic Regional Report : Selected Issues

Publication Date: September 05, 2013
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Summary: This Selected Issues paper elaborates findings and discussions of 2013 Cluster Consultation Nordic Regional report. The countries have close economic and financial ties and face some common challenges and shared risks, such as large banking sectors and high household debt. The economic performance of the four continental Nordic economies (Denmark, Finland, Norway, and Sweden—Nordic-4) ranks among the advanced economic development circle. It is analyzed that the large Nordic banking systems support relatively high levels of private sector debt. House price developments in the Nordic-4 pose a risk to broader macroeconomic stability in the context of strained household balance sheets.
Series: Country Report No. 13/275
Subject(s): Economic integration | Housing prices | Household credit | Banking systems | Financial risk | Regional shocks | Cross country analysis | Selected issues | Denmark | Finland | Norway | Sweden

Publication Date: September 05, 2013
ISBN/ISSN: 9781484391556/1934-7685 Format: Paper
Stock No: 1EUREA2013016 Pages: 41
US$18.00 (Academic Rate:
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