Iceland's economy in the context of the global financial and economic crisis

This Bachelor thesis analyzes the impact of the global financial and economic crisis on Iceland's economy and the Iceland as a whole. This thesis describes the specifics of the Iceland's economy and the events that led to economic growth from the beginning of the new millennia. It describes the causes and effects of the global financial crisis on the economic and political situation of the country. It closely analyzes the collapse of banking sector, problems with saving bank Icesave and the help provided by International Monetary Fund and surrounding countries. It also briefly describes the development of relations between Iceland and the European Union, provides a view on economic post-crisis development and its gradual recovery. It also deals with short-term forecasts of future economic development. Finally, the thesis describes the main risks and challenges that Iceland faces on its way to full recovery