This project has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement no 266800 FESSUD FINANCIALISATION, ECONOMY, SOCIETY AND SUSTAINABLE DEVELOPMENT Studies in Financial Systems No 13 The Swedish Financial System Alexis Stenfors1 (with contributions by Eric Clark2, Ilia Farahani3, Anders Lund Hansen4 and Marco Passarella5) ISSN 2052-8027 This project has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement no 266800 Affiliations of authors: 1University of Leeds and University of Portsmouth; 2Lund University; 3Lund University, 4Lund University, 5University of Leeds Key words: Sweden, Swedish model, welfare state, financialisation, financial system, financial crisis, banking crisis Journal of Economic Literature classification: E44, F3, G2, N14, N24, O52, P16 Contact details: Alexis Stenfors, Portsmouth Business School, University of Portsmouth, Richmond Building Portland Street Portsmouth PO1 3DE, UK. Email:
[email protected] Acknowledgments: The research leading to these results has received funding from the European Union Seventh Framework Programme (FP7/2007-2013) under grant agreement n° 266800. The author cannot take sole responsibility for this work and credits Eric Clark2, Ilia Farahani3, Anders Lund Hansen4 and Marco Passarella5 for valuable contributions. In addition, excellent support has been given by Andrew Brown, Helen Evans and Malcolm Sawyer (University of Leeds). 28 October 2014 Website: www.fessud.eu 2 This project has received funding from the European Union’s Seventh Framework Programme for research, technological development and demonstration under grant agreement no 266800 TABLE OF CONTENTS LIST OF FIGURES ............................................................................................................. 4 LIST OF TABLES..............................................................................................................