1. A Retrospective on the 2008 Global Financial Crisis- Robert Z Aliber and Gylfi Zoega -- Part I: The Source of the 2008 Global Financial Crisis -- 2. The Financial Alchemy that Failed- Marcus Miller -- 3. Prudential Regulation and Capital Controls- Michael Dooley -- 4. Three Grand State...

Iceland became one of the symbols of the global financial crisis. It provides an ideal test case for the perceptions of economists, in particular their ability to anticipate crises. The book contains papers and reports, written prior to the collapse of Iceland's financial system, about the...