Oslo's lesson in restoring confidence
The lessons from Norway's response to the crisis in its banking system in the early 1990s have been under underappreciated.
Recognising the parallels between the current crash and episodes from the recent past, central bankers have rightly looked to Stockholm and Tokyo for solutions.
But seldom noted is Norway's reaction to its banking crisis in the early 1990s, which quickly restored economic fortunes and turned in a small profit for the country's taxpayers.
When looking to the recent past on
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