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Currency crises: The case of Iceland

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Author Info
Panagiotis Liargovas
Dimitrios Dapontas

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Abstract

This 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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File URL: http://econ.uop.gr/~econ/RePEc/pdf/Currency_crises_The_case_of_Iceland.pdf
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Publisher Info
Paper provided by University of Peloponnese, Department of Economics in its series Working Papers with number 0036.

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Length: 12 pages
Date of creation: 2009
Date of revision:
Handle: RePEc:uop:wpaper:0036

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  1. Panagiotis Liargovas & Dimitrios Dapontas, 2007. "Currency crises in transition economies: some further evidence," Working Papers 0011, University of Peloponnese, Department of Economics. [Downloadable!]
  2. Sebastian Edwards, 2001. "Does the Current Account Matter?," NBER Working Papers 8275, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  3. David M. Kemme & Saktinil Roy, 2005. "Real Exchange Rate Misalignment: Prelude to Crisis?," William Davidson Institute Working Papers Series wp797, William Davidson Institute at the University of Michigan Stephen M. Ross Business School. [Downloadable!]
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This page was last updated on 2009-12-1.

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