Love letters from Iceland: accountability of the Eurosystem

Investigation of Iceland's meltdown has revealed dodgy behaviours ranging from neglect to criminal fraud. This column describes how Icelandic banks issued “love letters” to each other – swapping their debt securities and using the other bank’s debt as collateral. This ruse ensnared not just the...

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Bibliographic Details
Main Author: Sibert, Anne
Format: Article in Journal/Newspaper
Language:unknown
Published: Centre for Economic Policy Research 2010
Subjects:
Economics
Mathematics and Statistics
Iceland
Online Access:https://eprints.bbk.ac.uk/id/eprint/9667/
http://www.voxeu.org/article/love-letters-iceland-accountability-eurosystem
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spelling ftbirkbeckcoll:oai:eprints.bbk.ac.uk.oai2:9667 2023-05-15T16:47:41+02:00 Love letters from Iceland: accountability of the Eurosystem Sibert, Anne 2010 https://eprints.bbk.ac.uk/id/eprint/9667/ http://www.voxeu.org/article/love-letters-iceland-accountability-eurosystem unknown Centre for Economic Policy Research Sibert, Anne (2010) Love letters from Iceland: accountability of the Eurosystem. Vox Economics Mathematics and Statistics Article NonPeerReviewed 2010 ftbirkbeckcoll 2022-01-09T08:54:24Z Investigation of Iceland's meltdown has revealed dodgy behaviours ranging from neglect to criminal fraud. This column describes how Icelandic banks issued “love letters” to each other – swapping their debt securities and using the other bank’s debt as collateral. This ruse ensnared not just the Icelandic Central Bank, but also the ECB – a fact that has only recently come to light. The ECB's lack of transparency on this is a serious problem. Article in Journal/Newspaper Iceland BIROn - Birkbeck Institutional Research Online (Birkbeck University of London)
institution Open Polar
collection 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
Sibert, Anne
Love letters from Iceland: accountability of the Eurosystem
topic_facet Economics
Mathematics and Statistics
description Investigation of Iceland's meltdown has revealed dodgy behaviours ranging from neglect to criminal fraud. This column describes how Icelandic banks issued “love letters” to each other – swapping their debt securities and using the other bank’s debt as collateral. This ruse ensnared not just the Icelandic Central Bank, but also the ECB – a fact that has only recently come to light. The ECB's lack of transparency on this is a serious problem.
format Article in Journal/Newspaper
author Sibert, Anne
author_facet Sibert, Anne
author_sort Sibert, Anne
title Love letters from Iceland: accountability of the Eurosystem
title_short Love letters from Iceland: accountability of the Eurosystem
title_full Love letters from Iceland: accountability of the Eurosystem
title_fullStr Love letters from Iceland: accountability of the Eurosystem
title_full_unstemmed Love letters from Iceland: accountability of the Eurosystem
title_sort love letters from iceland: accountability of the eurosystem
publisher Centre for Economic Policy Research
publishDate 2010
url https://eprints.bbk.ac.uk/id/eprint/9667/
http://www.voxeu.org/article/love-letters-iceland-accountability-eurosystem
genre Iceland
genre_facet Iceland
op_relation Sibert, Anne (2010) Love letters from Iceland: accountability of the Eurosystem. Vox
_version_ 1766037764320526336

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