Lars Svensson, a deputy governor of the Riksbank, has argued that the central bank could have been more forceful in its approach during the crisis despite the drastic measures taken to shore up the banking system.

In a speech delivered last Thursday at the Centre for Business and Policy Studies, Stockholm, Svensson claimed the crisis "meant that monetary policy had less of an impact than normal" and called for a regular assessment of monetary policies at the Riksbank, describing the developement