Iceland's Economic and Financial Crisis: Causes, Consequences and Implications

• Main Author: Spruk, Rok
• Format: Report
• Language: English
• Published: 2010
• Subjects: E62 - Fiscal Policy; E52 - Monetary Policy; E44 - Financial Markets and the Macroeconomy; E6 - Macroeconomic Policy; Macroeconomic Aspects of Public Finance; and General Outlook; F31 - Foreign Exchange; G01 - Financial Crises; G21 - Banks; Depository Institutions; Micro Finance Institutions; Mortgages; Krona; Iceland
• Online Access: https://mpra.ub.uni-muenchen.de/29972/; https://mpra.ub.uni-muenchen.de/29972/1/MPRA_paper_29972.pdf

Iceland experienced a significant financial meltdown and subsequent economic downturn after the 2008/2009 financial crisis struck the country. It had been the worst crisis ever experienced by a small country from the late 20th century onwards. Since 1980s, Iceland's macroeconomic stability had...