Currency crises: The case of Iceland

Panagiotis Liargovas and Dimitrios Dapontas ()

No 36, Working Papers from University of Peloponnese, Department of Economics

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.

Pages: 12 pages
Date: 2009
New Economics Papers: this item is included in nep-fmk, nep-ifn and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:uop:wpaper:0036

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