ICELAND: FINANCIAL REGULATION AND REDUCTION IN THE PRICE OF THE PUBLIC DEBT AFTER THE BANKING COLLAPSE IN 2008

被引：0
作者：
Aguirre, Pablo [1 ]
Alonso, Nuria [2 ]
机构：
[1] UCM, Inst Complutense Estudios Int, Madrid, Spain
[2] Univ Rey Juan Carlos, Madrid, Spain
来源：
REVISTA DE ECONOMIA MUNDIAL | 2013年 / 34期
关键词：
Public Debt; Financial Regulation; Capital Flows Regulation; REPRESSION;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
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.
引用
收藏
页码：47 / 74
页数：28
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