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- Title
ISLANDIA: REGULACIÓN FINANCIERA Y ABARATAMIENTO DE LA DEUDA PÚBLICA TRAS EL COLAPSO BANCARIO DE 2008.
- Authors
Aguirre, Pablo; Alonso, Nuria
- Abstract
The banking system in Iceland was on the verge of total collapse in 2008 and that was the starting point of a huge economic crisis. Since then, public debt has increased remarkably due to both the partial rescue of banks and the financing of the public deficit that the crisis has produced. However, as time went on, the cost of the public debt has become increasingly lower for the Government. This paper argues that one of the most important factors to explain this phenomenon is Government intervention in financial markets, through the establishment of strong capital outflows regulation and the partial nationalization of the banking sector.
- Subjects
ICELAND; PRICE regulation; PUBLIC debts; BANKING industry; FINANCIAL crises; FINANCIAL markets -- Government policy; CAPITAL movements; GOVERNMENT ownership; ECONOMICS
- Publication
Revista de Economía Mundial, 2013, Issue 34, p47
- ISSN
1576-0162
- Publication type
Article