Explaining Iceland’s Excessive Boom and Bust: a Political Economy Approach
We explain the Icelandic bubble economy and the financial crisis of 2008 with lessons from classical political economy theories (Keynes, Minsky, Kindleberger, Reinhart and Rogoff). We ask why and how the Icelandic bubble came about? Why it went so far off track? Who were the main actors? And why the...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
University of Iceland
2016-06-01
|
| Series: | Stjórnmál og Stjórnsýsla |
| Subjects: | |
| Online Access: | http://www.irpa.is/article/view/2221 |