Preludes to the Icelandic financial crisis
Book synopsis: Iceland became one of the symbols of the fourth wave of the financial crisis, since the end of the first decade of the twenty-first century. Between 2003 and 2008, the market value of the stock of Iceland's biggest companies increased by 700 per cent, and the assets of its three...
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Palgrave Macmillan
2011
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Online Access: | https://eprints.bbk.ac.uk/id/eprint/7179/ https://doi.org/10.1057/9780230307148 |
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ftbirkbeckcoll:oai:eprints.bbk.ac.uk.oai2:7179 2023-05-15T16:50:21+02:00 Preludes to the Icelandic financial crisis Aliber, R.Z. Zoega, Gylfi 2011-01 https://eprints.bbk.ac.uk/id/eprint/7179/ https://doi.org/10.1057/9780230307148 unknown Palgrave Macmillan Aliber, R.Z. and Zoega, Gylfi, eds. (2011) Preludes to the Icelandic financial crisis. Basingstoke, UK: Palgrave Macmillan, pp. 329-340. ISBN 9780230276925. Economics Mathematics and Statistics Book NonPeerReviewed 2011 ftbirkbeckcoll https://doi.org/10.1057/9780230307148 2022-01-09T08:52:47Z Book synopsis: Iceland became one of the symbols of the fourth wave of the financial crisis, since the end of the first decade of the twenty-first century. Between 2003 and 2008, the market value of the stock of Iceland's biggest companies increased by 700 per cent, and the assets of its three banks multiplied eightfold to eight times the country's GDP. When the bubble burst, it helped bring the world economy to its knees. This volume brings together several papers written by professional economists before the crash, warning of the dangers of the bubble economy that was being created. The papers discuss the imbalances created by an inflow of foreign capital, the hazards of a rapidly expanding banking system, and the perils that all banks face in a bubble economy. The chapters also provide a case study of the economics profession before the collapse of the international financial system. What did and didn't they see coming, and why? An introduction and conclusion contextualize the articles and draw out some important lessons. This book is essential reading for all interested in macroeconomics, economic policy and international finance, as well as anyone seeking to grasp the causes of the deepest global recession since the Great Depression. Book Iceland BIROn - Birkbeck Institutional Research Online (Birkbeck University of London) London |
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Open Polar |
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BIROn - Birkbeck Institutional Research Online (Birkbeck University of London) |
op_collection_id |
ftbirkbeckcoll |
language |
unknown |
topic |
Economics Mathematics and Statistics |
spellingShingle |
Economics Mathematics and Statistics Preludes to the Icelandic financial crisis |
topic_facet |
Economics Mathematics and Statistics |
description |
Book synopsis: Iceland became one of the symbols of the fourth wave of the financial crisis, since the end of the first decade of the twenty-first century. Between 2003 and 2008, the market value of the stock of Iceland's biggest companies increased by 700 per cent, and the assets of its three banks multiplied eightfold to eight times the country's GDP. When the bubble burst, it helped bring the world economy to its knees. This volume brings together several papers written by professional economists before the crash, warning of the dangers of the bubble economy that was being created. The papers discuss the imbalances created by an inflow of foreign capital, the hazards of a rapidly expanding banking system, and the perils that all banks face in a bubble economy. The chapters also provide a case study of the economics profession before the collapse of the international financial system. What did and didn't they see coming, and why? An introduction and conclusion contextualize the articles and draw out some important lessons. This book is essential reading for all interested in macroeconomics, economic policy and international finance, as well as anyone seeking to grasp the causes of the deepest global recession since the Great Depression. |
author2 |
Aliber, R.Z. Zoega, Gylfi |
format |
Book |
title |
Preludes to the Icelandic financial crisis |
title_short |
Preludes to the Icelandic financial crisis |
title_full |
Preludes to the Icelandic financial crisis |
title_fullStr |
Preludes to the Icelandic financial crisis |
title_full_unstemmed |
Preludes to the Icelandic financial crisis |
title_sort |
preludes to the icelandic financial crisis |
publisher |
Palgrave Macmillan |
publishDate |
2011 |
url |
https://eprints.bbk.ac.uk/id/eprint/7179/ https://doi.org/10.1057/9780230307148 |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
Aliber, R.Z. and Zoega, Gylfi, eds. (2011) Preludes to the Icelandic financial crisis. Basingstoke, UK: Palgrave Macmillan, pp. 329-340. ISBN 9780230276925. |
op_doi |
https://doi.org/10.1057/9780230307148 |
op_publisher_place |
London |
_version_ |
1766040513500151808 |