Preludes to the Icelandic Financial Crisis [Hardcover]

Iceland became one of the symbols of the global financial crisis. It provides an ideal test?case for the perceptions of economists, in particular their ability to anticipate crises. The book contains papers and reports, written prior to the collapse of Iceland's financial system, about the economy. What did and didn't they see coming, and why?Introduction; R.Aliber Summary of Papers; G.Zoega Privatisation and Deregulation: A Chronology of Events; T.Olaf Sigurjonsson PART I: INTERNATIONAL ORGANIZATIONS AND THE CENTRAL BANK OF ICELAND International Monetary Fund, Article IV Consultations 2004-2008 OECD Policy Brief 2008 Central Bank of Iceland, Financial Stability Reports 2005-8 PART II: OTHER PAPERS AND REPORTS Fitch Report, February 2006 Iceland's Geyser Crisis; L.Christiansen Financial Stability in Iceland; F.Mishkin ?& T.T.Herbertsson The Internationalization of Iceland's Financial Sector; F.M.Baldursson ?& R.Portes The Collapse of Iceland's Banks: the Predictable End of a Non-viable Business Model; W.Buiter ?& A.Sibert Iceland on the Brink?; D.Gros Events in Iceland: Skating on Thin Ice; T.Gylfason A Spending Spree; G.Zoega Monetary Turbulence and the Icelandic Economy; R.Z.Aliber PART III: LESSONS FOR OTHER COUNTRIES Overbanked and Undersized: Lessons from Iceland; A.SibertFRIDRIK M. BALDURSSON Professor, School of Business, Reykjavik University, IcelandWILLEM BUITER Chief Economist, Citigroup, USALARS CHRISTIANSEN Senior Analyst, Danske Bank, DenmarkDANIEL GROS Director, Centre for European Policy Studies, Brussels, BelgiumTHORVALDUR GYLFASON Professor of Economics, University of Iceland, IcelandTRYGGVI T. HERBERTSSON Member of Icelandic Parliament and a former Professor of Economics at the University of Iceland, IcelandFREDERIC MISHKIN Alfred Lerner Professor of Banking and Financial Institutions, Graduate School of Business, Columbia University, USARICHARD PORTES Professor of Economics, London Business School, UKANNE SIBERT Professor of Economics,ls)