Financialisation and financial crisis in Iceland
Financialisation in Iceland should be seen as an evolving process driven by a mixture of global and domestic forces. Responding to fundamental issues underlying macroeconomic imbalances, the authorities introduced policies that proved particularly supportive of financial expansion at a time when cro...
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| Online Access: | https://www.econstor.eu/bitstream/10419/114502/1/83365442X.pdf |
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ftrepec:oai:RePEc:zbw:ipewps:552015 2023-05-15T16:44:32+02:00 Financialisation and financial crisis in Iceland Guðmundsson, Björn Rúnar https://www.econstor.eu/bitstream/10419/114502/1/83365442X.pdf unknown https://www.econstor.eu/bitstream/10419/114502/1/83365442X.pdf preprint ftrepec 2020-12-04T13:42:21Z Financialisation in Iceland should be seen as an evolving process driven by a mixture of global and domestic forces. Responding to fundamental issues underlying macroeconomic imbalances, the authorities introduced policies that proved particularly supportive of financial expansion at a time when cross-border capital movements were rapidly on the rise. Consequently, the rise in financial activity has had profound effects on income distribution and corporate and household behaviour. Following the 2008 financial meltdown, which was triggered by excessive growth of the financial sector, financialisation in Iceland has reversed to a degree, allowing for a shift away from financial-led towards increasingly export-led growth. economic development,financialisation,financial crisis Report Iceland RePEc (Research Papers in Economics) |
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Financialisation in Iceland should be seen as an evolving process driven by a mixture of global and domestic forces. Responding to fundamental issues underlying macroeconomic imbalances, the authorities introduced policies that proved particularly supportive of financial expansion at a time when cross-border capital movements were rapidly on the rise. Consequently, the rise in financial activity has had profound effects on income distribution and corporate and household behaviour. Following the 2008 financial meltdown, which was triggered by excessive growth of the financial sector, financialisation in Iceland has reversed to a degree, allowing for a shift away from financial-led towards increasingly export-led growth. economic development,financialisation,financial crisis |
| format |
Report |
| author |
Guðmundsson, Björn Rúnar |
| spellingShingle |
Guðmundsson, Björn Rúnar Financialisation and financial crisis in Iceland |
| author_facet |
Guðmundsson, Björn Rúnar |
| author_sort |
Guðmundsson, Björn Rúnar |
| title |
Financialisation and financial crisis in Iceland |
| title_short |
Financialisation and financial crisis in Iceland |
| title_full |
Financialisation and financial crisis in Iceland |
| title_fullStr |
Financialisation and financial crisis in Iceland |
| title_full_unstemmed |
Financialisation and financial crisis in Iceland |
| title_sort |
financialisation and financial crisis in iceland |
| url |
https://www.econstor.eu/bitstream/10419/114502/1/83365442X.pdf |
| genre |
Iceland |
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Iceland |
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https://www.econstor.eu/bitstream/10419/114502/1/83365442X.pdf |
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1766034815920898048 |