The Riksbank, Sweden's central bank , raised its key interest rate by a quarter point, to 3%.
The Nobel Memorial Prize in Economic Sciences was established in 1968 by the Central Bank of Sweden in memory of Alfred Nobel.
As for me, I'm back in the States after a couple of missed cuts at the Open and the Deutsche Bank in Sweden - I struggled a bit and obviously wasn't playing that well.
Central Bank Meetings A host of central bank meetings from Sweden to Australia will carry their own weight on the markets.
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REYKJAVIK, Iceland - Iceland's biggest bank received an emergency loan from Sweden on Wednesday, and Britain said it would guarantee deposits in an Icelandic bank's online unit as the financial crisis engulfing this tiny Nordic nation showed no sign of easing.
Lars Svensson, an academic at Princeton University who has recently become a deputy governor of the central bank in his native Sweden, formulates this trade-off as an equation.
The Riksbanken in Sweden, in 1664, and the Bank of England, in 1694, were founded with this in mind.
Bo Lundgren, one of the architects of Sweden's much-vaunted 1990s bank bail-out, stresses the importance of transparent valuations of bad assets.
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In early 1999, Mr Flowers left for Japan on a hunch that this was where the biggest opportunities existed he had seen the tremendous amounts of money made by investors out of government-assisted bank bail-outs in Sweden, France and, especially, the United States.
Despite mostly avoiding the bank crisis that plagued so many countries, Sweden suffered a sharp contraction after the economic meltdown a 5 percent drop in GDP in 2009.
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The country's central bank said in a report on Monday that Sweden's banks are financially strong but must continue reducing structural liquidity risks and ensure they have enough capital to deal with potential future losses.
We're already seeing real global cooperation to prevent true disaster, such as early October's coordinated rate cuts by the Federal Reserve, the European Central Bank, the Bank of England and the central banks of Sweden, Canada and Switzerland.
Traders ended their day seeing more flashing red screens as equities saw another session of huge drops, even after the U.S. Federal Reserve, European Central Bank, and central banks in Britain, Canada, Sweden and Switzerland said they were all cutting the benchmark rate of borrowing by 0.5%.
Sweden's Telia subscribers with WAP phones, for instance, can bank online, book railway tickets, use the yellow pages and view news briefs.
Sweden's prime minister, Fredrik Reinfeldt, said Monday that the country would guarantee bank deposits and was considering raising the threshold of deposits eligible for guarantees.
Some economists, such as Klas Eklund at Skandinaviska Enskilda Banken, argue that Sweden's economy is in step with Europe, that interest rates set by the European Central Bank would suit it, and that the country would gain from a stable currency, more trade, higher growth and bigger markets within the euro zone.
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