Explaining the Case of Icelandic Currency Crisis
This paper tries to explain the recent currency crisis in Iceland and draw some policy lessons. It shows that the recent currency crisis in Iceland is mainly due to a loose monetary policy preceding the crisis. Structural reforms which could have prevented the occurrence of the crisis were missing....
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ftciteseerx:oai:CiteSeerX.psu:10.1.1.672.8958 2023-05-15T16:45:14+02:00 Explaining the Case of Icelandic Currency Crisis Dapontas Dimitrios The Pennsylvania State University CiteSeerX Archives application/pdf http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.672.8958 http://www.ejournalofbusiness.org/archive/vol2no1/vol2no1_7.pdf en eng http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.672.8958 http://www.ejournalofbusiness.org/archive/vol2no1/vol2no1_7.pdf Metadata may be used without restrictions as long as the oai identifier remains attached to it. http://www.ejournalofbusiness.org/archive/vol2no1/vol2no1_7.pdf Currency crises Nordic economies contagion text ftciteseerx 2016-01-08T17:27:36Z This paper tries to explain the recent currency crisis in Iceland and draw some policy lessons. It shows that the recent currency crisis in Iceland is mainly due to a loose monetary policy preceding the crisis. Structural reforms which could have prevented the occurrence of the crisis were missing. We choose to explain the crisis using a least squares method where a set of fundamental per capita, real sector and institutional variables are combined and compared to the Euro zone ones in order to explain the November 2008 turbulence. The results show that the 2008 credit crunch in us economy was relevant to the crisis in Iceland joined by the fundamentals of the country’s economy was the reason for this inconvenience. Text Iceland Unknown |
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English |
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Currency crises Nordic economies contagion |
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Currency crises Nordic economies contagion Dapontas Dimitrios Explaining the Case of Icelandic Currency Crisis |
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Currency crises Nordic economies contagion |
description |
This paper tries to explain the recent currency crisis in Iceland and draw some policy lessons. It shows that the recent currency crisis in Iceland is mainly due to a loose monetary policy preceding the crisis. Structural reforms which could have prevented the occurrence of the crisis were missing. We choose to explain the crisis using a least squares method where a set of fundamental per capita, real sector and institutional variables are combined and compared to the Euro zone ones in order to explain the November 2008 turbulence. The results show that the 2008 credit crunch in us economy was relevant to the crisis in Iceland joined by the fundamentals of the country’s economy was the reason for this inconvenience. |
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The Pennsylvania State University CiteSeerX Archives |
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Text |
author |
Dapontas Dimitrios |
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Dapontas Dimitrios |
author_sort |
Dapontas Dimitrios |
title |
Explaining the Case of Icelandic Currency Crisis |
title_short |
Explaining the Case of Icelandic Currency Crisis |
title_full |
Explaining the Case of Icelandic Currency Crisis |
title_fullStr |
Explaining the Case of Icelandic Currency Crisis |
title_full_unstemmed |
Explaining the Case of Icelandic Currency Crisis |
title_sort |
explaining the case of icelandic currency crisis |
url |
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.672.8958 http://www.ejournalofbusiness.org/archive/vol2no1/vol2no1_7.pdf |
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Iceland |
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Iceland |
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http://www.ejournalofbusiness.org/archive/vol2no1/vol2no1_7.pdf |
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http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.672.8958 http://www.ejournalofbusiness.org/archive/vol2no1/vol2no1_7.pdf |
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Metadata may be used without restrictions as long as the oai identifier remains attached to it. |
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