Ebook: Nordics in Global Crisis

This is a report on the global financial and economic crisis from the point of view of small open economies with particular reference to the Nordic countries. The report discusses, why the Nordic countries were hit hard by a crisis, which apparently had little if anything to do with the stability of their own financial systems or with their competitiveness in global markets. It offers an in-depth analysis of the macroeconomic issues faced by small open economies in a turbulent world economy and outlines the main elements of the policies that should guide the Nordic countries in their search for less vulnerability and more resilience.