Iceland and Latvia During the 2008 Global Economic and Financial Crisis: Economic Policy Response and Post Crisis Results

Iceland and Latvia are small countries in Europe hit hard by the 2008 global economic and financial crisis. Both responded, but differently, especially when it comes to exchange rate policy. In Iceland the locally owned banking system collapsed while in Latvia the foreign owned banking system surviv...

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Bibliographic Details
Main Author: Hilmar Þór Hilmarsson
Format: Article in Journal/Newspaper
Language:unknown
Subjects:
Iceland
Online Access:http://www.jami.org.ua/abstracts3-3.htm
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spelling ftrepec:oai:RePEc:ods:journl:v:3:y:2014:i:3:p:146-154 2024-04-14T08:13:21+00:00 Iceland and Latvia During the 2008 Global Economic and Financial Crisis: Economic Policy Response and Post Crisis Results Hilmar Þór Hilmarsson http://www.jami.org.ua/abstracts3-3.htm unknown http://www.jami.org.ua/abstracts3-3.htm article ftrepec 2024-03-19T10:31:52Z Iceland and Latvia are small countries in Europe hit hard by the 2008 global economic and financial crisis. Both responded, but differently, especially when it comes to exchange rate policy. In Iceland the locally owned banking system collapsed while in Latvia the foreign owned banking system survived. After more than 5 years since the crisis erupted, sufficient time has passed for observers to begin seeing some outcomes from the different policy responses, both in terms of economic and social progress, and it is maybe time to see what lessons can be learned, for Latvia and Iceland and perhaps also for the European Union and the Euro area. Latvia, Iceland, global crisis, economic policy, social progress Article in Journal/Newspaper Iceland RePEc (Research Papers in Economics)
institution Open Polar
collection RePEc (Research Papers in Economics)
op_collection_id ftrepec
language unknown
description Iceland and Latvia are small countries in Europe hit hard by the 2008 global economic and financial crisis. Both responded, but differently, especially when it comes to exchange rate policy. In Iceland the locally owned banking system collapsed while in Latvia the foreign owned banking system survived. After more than 5 years since the crisis erupted, sufficient time has passed for observers to begin seeing some outcomes from the different policy responses, both in terms of economic and social progress, and it is maybe time to see what lessons can be learned, for Latvia and Iceland and perhaps also for the European Union and the Euro area. Latvia, Iceland, global crisis, economic policy, social progress
format Article in Journal/Newspaper
author Hilmar Þór Hilmarsson
spellingShingle Hilmar Þór Hilmarsson
Iceland and Latvia During the 2008 Global Economic and Financial Crisis: Economic Policy Response and Post Crisis Results
author_facet Hilmar Þór Hilmarsson
author_sort Hilmar Þór Hilmarsson
title Iceland and Latvia During the 2008 Global Economic and Financial Crisis: Economic Policy Response and Post Crisis Results
title_short Iceland and Latvia During the 2008 Global Economic and Financial Crisis: Economic Policy Response and Post Crisis Results
title_full Iceland and Latvia During the 2008 Global Economic and Financial Crisis: Economic Policy Response and Post Crisis Results
title_fullStr Iceland and Latvia During the 2008 Global Economic and Financial Crisis: Economic Policy Response and Post Crisis Results
title_full_unstemmed Iceland and Latvia During the 2008 Global Economic and Financial Crisis: Economic Policy Response and Post Crisis Results
title_sort iceland and latvia during the 2008 global economic and financial crisis: economic policy response and post crisis results
url http://www.jami.org.ua/abstracts3-3.htm
genre Iceland
genre_facet Iceland
op_relation http://www.jami.org.ua/abstracts3-3.htm
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