This book presents a detailed account of Iceland’s recovery from the tumultuous banking collapse that overturned its … financial industry in 2008. Early chapters recount how Iceland’s central bank was unable to follow the quantitative easing … reinvigorated liquidity streams for the financial system. The authors argue that Iceland, long-called the ‘canary in the coal mine …

that financial and governmental institutions have taken in one of the hardest-hit economies, Iceland. Those who witnessed … economic institutions. As the crisis spread almost worldwide, so too did the publics disenchantment. Since Iceland was one of …

Iceland. Demand expanded faster than supply, and evidence of overheating is widespread. Monetary policy has tightened, but …

The 2012 Article IV Consultation reports that Iceland’s fiscal consolidation is continuing, but at a slower pace …