Risks on the Swedish housing market also a cause for concern in other Nordic countries
Koskinen, Kimmo; Laakkonen, Helinä; Putkuri, Hanna; Tölö, Eero (06.07.2018)
JulkaisusarjaBank of Finland Bulletin. Analysis
JulkaisijaBank of Finland
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-201808131987
Due to the interconnectedness of the Nordic real economies and financial systems, an extensive materialisation of risks on the Swedish housing market could also have notable effects in the other Nordic countries. The risk-bearing capacity of the Nordic financial system and public finances has remained good. The countries do, however, share some structural vulnerabilities, including a large and concentrated banking sector, considerable household indebtedness and the major role of housing loans in the financial system as well as banks’ dependence on market funding.