A Bank for International Settlements paper published in June compares the management and resolution of policies during the current crisis with the Nordic countries experience in the early 1990s, and warns that recent policies are less rigorous, and could delay the financial sector's recovery.

The authors, Claudio Borio, Bent Vale and Goetz von Peter, argue that while intervention has been prompter, the measures taken so far remain less comprehensive and in-depth. In particular they find that the