A tale of three countries- recovery after banking crises
Three small, open European economies — Iceland, Ireland and Latvia – experienced serious trouble during the global financial crisis. Behind their problems were rapid credit growth and expansion of other banking activities in the years leading up to the crisis, largely financed by international borro...
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| Format: | Report |
| Language: | unknown |
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| Online Access: | https://www.bruegel.org/wp-content/uploads/imported/publications/111229_zd_A_tale_of_three_countries.pdf |
| Summary: | Three small, open European economies — Iceland, Ireland and Latvia – experienced serious trouble during the global financial crisis. Behind their problems were rapid credit growth and expansion of other banking activities in the years leading up to the crisis, largely financed by international borrowing. The crisis hit Latvia harder than any other country, and Ireland also suffered heavily, while Iceland exited the crisis with the smallest fall in employment,. |
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