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This paper reviews economic developments in Iceland following its financial collapse in 2008, focusing on causes and … developments elsewhere on the periphery of Europe, in Greece, Ireland, and Portugal. In some ways, however, Iceland resembles Italy …
Persistent link: https://www.econbiz.de/10010235815
At year-end 2005, almost all of the total assets of Iceland's banking system were concentrated in just three banks … and the Netherlands. When Landsbanki failed in October 2008, the obligation to repay depositors fell upon Iceland …
Persistent link: https://www.econbiz.de/10013026260
Financialisation in Iceland should be seen as an evolving process driven by a mixture of global and domestic forces … Iceland has reversed to a degree, allowing for a shift away from financial-led towards increasingly export-led growth. …
Persistent link: https://www.econbiz.de/10011311191
This study discusses the economic, political, and judicial aftermath of Iceland's financial collapse in 2008. It … be adjusted in two respects. Second, since the crisis, Ireland has made a significantly stronger recovery than Iceland in … terms of per capita income. Third, Iceland's economic recovery from the crisis is marred by a visible deterioration of …
Persistent link: https://www.econbiz.de/10011926337
until 2008 with the experience of Sweden and Iceland. The working hypothesis is that social capital decay can be a precursor … as well as consequence of slow economic growth and of financial crises. Iceland is a case in point. An increasingly …
Persistent link: https://www.econbiz.de/10011288794
This paper investigates the prospects for Ireland to grow its economy against the backdrop of high indebtedness. The paper uses vector autoregressive analysis to explore the interlinkages among competitiveness, exports, economic growth, and fiscal performance. The emerging conclusion is that...
Persistent link: https://www.econbiz.de/10013086311
crisis of October 2008, when all three major banks in Iceland collapsed in three successive days. The country is still … of Iceland (CBI) saw the systemic risks created by lending to owners and related parties, which increased greatly from … countries had the resources to bail out their irresponsible and illiquid banks, Iceland did not, and it received little foreign …
Persistent link: https://www.econbiz.de/10013072334
The current financial crisis, which has lasted almost one and a half years, is the 19th such crisis in the post-war period in advanced economies. Recent literature classifies the Nordic crises in Norway, Sweden and Finland in late 1980's and early 1990's among the Big Five crises that have...
Persistent link: https://www.econbiz.de/10013158447
until 2008 with the experience of Sweden and Iceland. The working hypothesis is that social capital decay can be a precursor … as well as consequence of slow economic growth and of financial crises. Iceland is a case in point. An increasingly …
Persistent link: https://www.econbiz.de/10013019409
country, economists have looked at Ireland and Iceland to study possible responses to other financial crises …
Persistent link: https://www.econbiz.de/10013026257