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02998nam a22003975i 4500 |
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978-1-137-39455-2 |
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170206s2016 xxk| s |||| 0|eng d |
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|a 9781137394552
|9 978-1-137-39455-2
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|a 10.1057/978-1-137-39455-2
|2 doi
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|d GrThAP
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|a Jónsson, Ásgeir.
|e author.
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|a The Icelandic Financial Crisis
|h [electronic resource] :
|b A Study into the World´s Smallest Currency Area and its Recovery from Total Banking Collapse /
|c by Ásgeir Jónsson, Hersir Sigurgeirsson.
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|a London :
|b Palgrave Macmillan UK :
|b Imprint: Palgrave Macmillan,
|c 2016.
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|a XVI, 349 p. 23 illus. in color.
|b online resource.
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|a text
|b txt
|2 rdacontent
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|a computer
|b c
|2 rdamedia
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|a online resource
|b cr
|2 rdacarrier
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|a text file
|b PDF
|2 rda
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|a Palgrave Macmillan Studies in Banking and Financial Institutions
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|a Chapter 1) Too-big-to-save – the anatomy of a total collapse -- Chapter 2) Big decisions in the small hours – making bank failure a winning strategy -- Chapter 3) From AAA to terrorism – Icesave -- Chapter 4) The standoff with the hedge funds – Is Iceland owned by creditors? -- Chapter 5) What happens when you quadruple the money supply? The hangover of QE policies -- Chapter 6) The Faustian bargain of capital controls -- Chapter 7) Going from 40% cost -- Chapter 8. Lessons from Iceland?.
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|a This book presents a detailed account of Iceland’s recovery from the tumultuous banking collapse that overturned its financial industry in 2008. Early chapters recount how Iceland’s central bank was unable to follow the quantitative easing policies of the time to print money and save the banks, while serving the world´s smallest currency area. The book goes on to explore how the government exercised force majeure rights to implement emergency legislation aimed at preventing the “socialization of losses”. Later chapters investigate how, eight years later, these policies have yielded renewed growth and reinvigorated liquidity streams for the financial system. The authors argue that Iceland, long-called the ‘canary in the coal mine’ of the developed world, offers important lessons for the future. This book will be useful to all readers interested in better understanding the unique history of Iceland’s banking crisis and the phenomena of its recovery.
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|a Finance.
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|a Banks and banking.
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|a Finance.
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|a Banking.
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|a Sigurgeirsson, Hersir.
|e author.
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|a SpringerLink (Online service)
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|t Springer eBooks
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|i Printed edition:
|z 9781137394545
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|a Palgrave Macmillan Studies in Banking and Financial Institutions
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|u http://dx.doi.org/10.1057/978-1-137-39455-2
|z Full Text via HEAL-Link
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|a ZDB-2-ECF
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|a Economics and Finance (Springer-41170)
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