Iceland's Financial Crisis

This report discusses the banking collapse in Iceland. Iceland's banking system had collapsed as a result of a culmination of a series of decisions the banks made that left them highly exposed to disruptions in financial markets. The collapse of the banks raised questions for U.S. leaders and o...

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Bibliographic Details
Main Author: Jackson, James K.
Format: Report
Language:English
Published: Library of Congress. Congressional Research Service. 2010
Subjects:
Finance
Financial crises
Economic policy
Economic stabilization
Banks and banking
International finance
International monetary system
Iceland
Online Access:http://digital.library.unt.edu/ark:/67531/metadc503428/
Description
Summary:This report discusses the banking collapse in Iceland. Iceland's banking system had collapsed as a result of a culmination of a series of decisions the banks made that left them highly exposed to disruptions in financial markets. The collapse of the banks raised questions for U.S. leaders and others about supervising banks that operate across national borders, especially as it has become increasingly difficult to distinguish the limits of domestic financial markets.

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