Privatization and Deregulation: a Chronology of Events

Throstur Olaf Sigurjonsson
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Throstur Olaf Sigurjonsson: Reykjavik University

Chapter 3 in Preludes to the Icelandic Financial Crisis, 2011, pp 26-40 from Palgrave Macmillan

Abstract: Abstract The saga of Iceland’s largest banks begins with deregulation and privatization. Although it is incorrect to blame these two factors entirely for the subsequent collapse, the liberalization process of financial markets and capital market integration in the 1990s (which followed Iceland’s membership of the EEA (European Economic Area)), created an environment where the Icelandic financial service industry could thrive and enjoy the fruits of its risk-taking and an adventurous business culture.

Keywords: Interest Rate; Pension Fund; Investment Bank; Reserve Requirement; Aluminium Smelter (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30714-8_3

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DOI: 10.1057/9780230307148_3

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