Add to ORKGWhen the tales of the Icelandic and Irish crises are told, they are framed as if one country did everything right to exit recession. In this paper I assess their recovery policies and find that the truth lies somewhere in the middle. By allowing its banking system to suffer substantial losses, Iceland shielded its citizens from the costly debt overhand apparent in Ireland. Ireland’s commitment to open capital markets and price deflation has allowed trade flows to remain robust, and relative prices to realign to signal sustainable production plans to entrepreneurs. These lessons provide a roadmap for other countries entering similar crises in the future
This paper documents how the Icelandic banking system grew from 100 percent of GDP in 1998 to 9 time...
We compare two small open economics, Iceland and Ireland, that experienced a capital inflow through...
The economic crisis that burst in 2007 was one of the harshest-if not the harshest- in the recent hi...
On September 29, 2008—two weeks after the collapse of Lehman Brothers—the government of Ireland took...
Iceland, Ireland and Latvia experienced similar developments before the crisis. However, the crisis ...
Highlights: • Iceland, Ireland and Latvia experienced similar developments before the crisis, such...
Iceland’s and Ireland’s banking crises since 2008 provide good examples of credit-induced collapses....
This thesis aims to compare Ireland's and Iceland's policy responses to the economic crisis as well ...
The 2008 global economic and financial crisis hit hard in Iceland. During the crisis its three large...
Iceland experienced a significant financial meltdown and subsequent economic downturn after the 2008...
At year-end 2005, almost all of the total assets of Iceland’s banking system were concentrated in ju...
Iceland became the first developed country in 30 years to request help from the IMF in 2009. While t...
Ireland’s banking crisis was described by the IMF in early 2009 as matching ‘episodes of the most se...
The paper draws lessons from the collapse of Iceland’s banking system in October 2008. The rapid exp...
Ireland went from being the poorest member of the European Economic Community in 1973 to enjoying th...
This paper documents how the Icelandic banking system grew from 100 percent of GDP in 1998 to 9 time...
We compare two small open economics, Iceland and Ireland, that experienced a capital inflow through...
The economic crisis that burst in 2007 was one of the harshest-if not the harshest- in the recent hi...
On September 29, 2008—two weeks after the collapse of Lehman Brothers—the government of Ireland took...
Iceland, Ireland and Latvia experienced similar developments before the crisis. However, the crisis ...
Highlights: • Iceland, Ireland and Latvia experienced similar developments before the crisis, such...
Iceland’s and Ireland’s banking crises since 2008 provide good examples of credit-induced collapses....
This thesis aims to compare Ireland's and Iceland's policy responses to the economic crisis as well ...
The 2008 global economic and financial crisis hit hard in Iceland. During the crisis its three large...
Iceland experienced a significant financial meltdown and subsequent economic downturn after the 2008...
At year-end 2005, almost all of the total assets of Iceland’s banking system were concentrated in ju...
Iceland became the first developed country in 30 years to request help from the IMF in 2009. While t...
Ireland’s banking crisis was described by the IMF in early 2009 as matching ‘episodes of the most se...
The paper draws lessons from the collapse of Iceland’s banking system in October 2008. The rapid exp...
Ireland went from being the poorest member of the European Economic Community in 1973 to enjoying th...
This paper documents how the Icelandic banking system grew from 100 percent of GDP in 1998 to 9 time...
We compare two small open economics, Iceland and Ireland, that experienced a capital inflow through...
The economic crisis that burst in 2007 was one of the harshest-if not the harshest- in the recent hi...