FALQs: 30 Years Since the 500% Interest Rate in Sweden
This blog post is part of our Frequently Asked Legal Questions (FALQs) series. Thirty years ago this month, on September 16, 1992, the Swedish Central Bank, Sveriges riksbank (Riksbanken), announced a 500% marginal interest rate in hopes of saving the Swedish currency from devaluation. It did not work. This blog post addresses some of the […]