The Icelandic Financial Crisis A Study into the Worldś Smallest Currency Area and its Recovery from Total Banking Collapse
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 policies of the time to print money and save the banks, whil...
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
London :
Palgrave Macmillan UK : Imprint: Palgrave Macmillan
2016.
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| Colección: | Palgrave Macmillan Studies in Banking and Financial Institutions.
Springer eBooks. |
| Acceso en línea: | Conectar con la versión electrónica |
| Ver en Universidad de Navarra: | https://innopac.unav.es/record=b36119994*spi |
| Sumario: | 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 policies of the time to print money and save the banks, while serving the worldś smallest currency area. The book goes on to explore how the government exercised force majeure rights to implement emergency legislation aimed at preventing the zsocialization of lossesy. Later chapters investigate how, eight years later, these policies have yielded renewed growth and reinvigorated liquidity streams for the financial system. The authors argue that Iceland, long-called the ‘canary in the coal mine’ of the developed world, offers important lessons for the future. This book will be useful to all readers interested in better understanding the unique history of Iceland’s banking crisis and the phenomena of its recovery. |
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| Descripción Física: | XVI, 349 p. 23 illus. in color |
| Formato: | Forma de acceso: World Wide Web. |
| ISBN: | 9781137394552 |
