Currency crises: The case of Iceland
AbstractThis paper tries to explain the recent currency crisis in Iceland and draw some policy lessons. It shows that the recent currency crisis in Iceland is mainly due to a loose monetary policy preceding the crisis. Structural reforms which could have prevented the occurrence of the crisis were missing.
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Bibliographic InfoPaper provided by University of Peloponnese, Department of Economics in its series Working Papers with number 0036.
Length: 12 pages
Date of creation: 2009
Date of revision:
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-05-16 (All new papers)
- NEP-FMK-2009-05-16 (Financial Markets)
- NEP-IFN-2009-05-16 (International Finance)
- NEP-MON-2009-05-16 (Monetary Economics)
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