Arbeitspapier

Iceland: How Could This Happen?

This paper reviews economic developments in Iceland following its financial collapse in 2008, focusing on causes and consequences of the crash. The review is presented in the context of the Nordic region, with broad comparisons also with developments elsewhere on the periphery of Europe, in Greece, Ireland, and Portugal. In some ways, however, Iceland resembles Italy, Japan, and Russia more than it resembles its Nordic neighbors or even Ireland. The paper also considers the uncertain prospects for reforms and restoration as well as the possible effects of the crash on social, human, and real capital and on long-run economic growth.

Sprache
Englisch

Erschienen in
Series: CESifo Working Paper ; No. 4605

Klassifikation
Wirtschaft
Financial Crises
Economic Growth and Aggregate Productivity: General
Thema
Iceland
financial crisis
social capital

Ereignis
Geistige Schöpfung
(wer)
Gylfason, Thorvaldur
Ereignis
Veröffentlichung
(wer)
Center for Economic Studies and ifo Institute (CESifo)
(wo)
Munich
(wann)
2014

Handle
Letzte Aktualisierung
10.03.2025, 11:46 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Gylfason, Thorvaldur
  • Center for Economic Studies and ifo Institute (CESifo)

Entstanden

  • 2014

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