This lecture takes a hard look at what has happened in Iceland. from the fall of Lehman Brothers last year to the present day. We'll look at the comparisons which have been made between Iceland and our fair green isle, and see which ones are valid, which ones need clarification, and which points are, simply, bullshit.
Here's a 3 slide handout of the lecture, here's the data handout and the slides are below.
EC4024 Lecture 14: Iceland and Ireland: Fair and Unfair Comparisons
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Readings
The collapse of Iceland’s banks: the predictable end of a non-viable business model
GDP Growth Rate Calculator for Iceland
Buiter & Sibert: The Banking Crisis and What to Do about it.