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Nordic Economic Policy Review 2020: Financial Regulation and Macroeconomic Stability

Financial Regulation and Macroeconomic Stability in the Nordics

Book Chapter
Reference
Calmfors, Lars and Peter Englund (2020). “Financial Regulation and Macroeconomic Stability in the Nordics”. In Lars Calmfors and Peter Englund (Eds.), Nordic Economic Policy Review 2020: Financial Regulation and Macroeconomic Stability (7–9). Copenhagen: Nordic Council of Ministers.

Authors
Lars Calmfors, Peter Englund

Editors
Lars Calmfors, Peter Englund

The financial system channels resources from savers to investors.
It helps firms to fund new investments and households to smooth
consumption over time. It allows entrepreneurs to offload risk on
outside investors, and households and firms to access liquidity that
helps them carry out their consumption and investment plans. A
well-functioning financial system is essential to the workings of the
economy.