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dc.contributor.authorMcCombie, Johnen
dc.contributor.authorSpreafico, Marta RMen
dc.date.accessioned2016-06-13T14:53:01Z
dc.date.available2016-06-13T14:53:01Z
dc.date.issued2016-12-01en
dc.identifier.issn2052-7764
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/256288
dc.description.abstractIn 2008, the three main banks in Iceland collapsed. There is strong evidence that the banks would have become insolvent even without the subprime crisis. Yet, there was a marked difference in opinion at the time about the viability of the Icelandic banks. A clean bill of health was given by the commissioned reports of Mishkin in 2007 and Portes in 2008, just prior to the collapse, whereas severe reservations about the Icelandic financial system were expressed by Wade, inter alios. These contrasting views were widely debated and may well have influenced both potential and actual foreign depositors in the banks. This paper analyses the disparate arguments put forward and contrasts it with the actual outcome. It considers the influence of economists in public policy debates and draws some methodological conclusions.
dc.languageEnglishen
dc.language.isoenen
dc.publisherEdward Elgar Publishing
dc.subject2008 Icelandic banking crisisen
dc.subjectfinancial regulationen
dc.subjectrating agenciesen
dc.subjectrole of economistsen
dc.subjectSpecial Investigation Commissionen
dc.titleCould the Icelandic banking collapse of 2008 have been prevented? The role of economists in its unfurlingen
dc.typeArticle
dc.description.versionThis is the author accepted manuscript. The final version is available from Edward Elgar Publishing via https://doi.org/10.4337/ejeep.2016.03.06en
prism.endingPage338
prism.publicationDate2016en
prism.publicationNameEuropean Journal of Economics and Economic Policies: Interventionen
prism.startingPage323
prism.volume13en
dc.identifier.doi10.17863/CAM.229
dcterms.dateAccepted2016-05-13en
rioxxterms.versionofrecord10.4337/ejeep.2016.03.06en
rioxxterms.versionAMen
rioxxterms.licenseref.urihttp://www.rioxx.net/licenses/all-rights-reserveden
rioxxterms.licenseref.startdate2016-12-01en
dc.identifier.eissn2052-7772
rioxxterms.typeJournal Article/Reviewen
rioxxterms.freetoread.startdate2018-05-01


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