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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Cheltenham: Edward Elgar Publishing
2016
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Online Access: | http://hdl.handle.net/10419/277368 https://doi.org/10.4337/ejeep.2016.03.05 |
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ftzbwkiel:oai:econstor.eu:10419/277368 2024-01-28T10:06:35+01:00 Financialisation and financial crisis in Iceland Guðmundsson, Björn Rúnar 2016 http://hdl.handle.net/10419/277368 https://doi.org/10.4337/ejeep.2016.03.05 eng eng Cheltenham: Edward Elgar Publishing Journal: European Journal of Economics and Economic Policies: Intervention (EJEEP) ISSN: 2052-7772 Volume: 13 Year: 2016 Issue: 3 Pages: 292-322 doi:10.4337/ejeep.2016.03.05 http://hdl.handle.net/10419/277368 RePEc:elg:ejeepi:v:13:y:2016:i:3:p292-322 http://www.econstor.eu/dspace/Nutzungsbedingungen https://creativecommons.org/licenses/by/4.0/ ddc:330 E02 E21 E22 E25 F36 G01 O11 economic development financialisation financial crisis doc-type:article 2016 ftzbwkiel https://doi.org/10.4337/ejeep.2016.03.05 2024-01-01T00:47:04Z 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. Article in Journal/Newspaper Iceland EconStor (German National Library of Economics, ZBW) European Journal of Economics and Economic Policies: Intervention 13 3 292 322 |
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Open Polar |
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EconStor (German National Library of Economics, ZBW) |
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ftzbwkiel |
language |
English |
topic |
ddc:330 E02 E21 E22 E25 F36 G01 O11 economic development financialisation financial crisis |
spellingShingle |
ddc:330 E02 E21 E22 E25 F36 G01 O11 economic development financialisation financial crisis Guðmundsson, Björn Rúnar Financialisation and financial crisis in Iceland |
topic_facet |
ddc:330 E02 E21 E22 E25 F36 G01 O11 economic development financialisation financial crisis |
description |
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. |
format |
Article in Journal/Newspaper |
author |
Guðmundsson, Björn Rúnar |
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 |
publisher |
Cheltenham: Edward Elgar Publishing |
publishDate |
2016 |
url |
http://hdl.handle.net/10419/277368 https://doi.org/10.4337/ejeep.2016.03.05 |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
Journal: European Journal of Economics and Economic Policies: Intervention (EJEEP) ISSN: 2052-7772 Volume: 13 Year: 2016 Issue: 3 Pages: 292-322 doi:10.4337/ejeep.2016.03.05 http://hdl.handle.net/10419/277368 RePEc:elg:ejeepi:v:13:y:2016:i:3:p292-322 |
op_rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen https://creativecommons.org/licenses/by/4.0/ |
op_doi |
https://doi.org/10.4337/ejeep.2016.03.05 |
container_title |
European Journal of Economics and Economic Policies: Intervention |
container_volume |
13 |
container_issue |
3 |
container_start_page |
292 |
op_container_end_page |
322 |
_version_ |
1789333562842939392 |