Ingves on a modern financial sector in Sweden

In the speech 'The development of a modern financial sector in Sweden' given on 15 November Stefan Ingves of the Sveriges Riksbank said the development in Sweden from a highly restricted and limited financial system to a system which is quite open and flexible took more than twenty years and is still going on.

"We found, and we paid a high price for this experience in the form of the crisis, that the correct way to move is to go gradually and carefully, but not too slowly because you then lose

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