McCombie, John S.L.; Spreafico, Marta R.M. - In: European Journal of Economics and Economic Policies: … 13 (2016) 3, pp. 323-338
In 2008, the three main banks in Iceland collapsed. There is strong evidence that the banks would have become insolvent even without the subprime crisis. Yet there was a marked difference in opinion at the time about the viability of the Icelandic banks. A clean bill of health was given by the...