Scandinavia: Central Bank Swaps to Iceland, 2008
By 2008, the Icelandic banking system had become so large and heavily exposed to foreign liabilities that the Central Bank of Iceland (CBI) lacked sufficient foreign reserves to serve as a credible lender of last resort. During the first quarter of 2008, the CBI, in an effort to bolster reserves, be...
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EliScholar – A Digital Platform for Scholarly Publishing at Yale
2023
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| Online Access: | https://elischolar.library.yale.edu/journal-of-financial-crises/vol5/iss1/15 https://elischolar.library.yale.edu/context/journal-of-financial-crises/article/1493/viewcontent/auto_convert.pdf |