Lekcje z doświadczeń Islandii w przeciwdziałaniu skutkom kryzysu finansowego

• Authors: Marta Wajda-Lichy

Title variants

EN

Lessons from Iceland 's Experience in Anticrisis Activities

• Languages of publication: PL

Abstracts

EN

Iceland was the first European country which was severely hit by the financial crisis of 2008. The consequences of rapid increase in financial services and fast economic growth led to overheating in Icelandic economy and collapse of the banking sector. Iceland formulated a recovery program focused on unusual element - capital control. Moreover, exchange rate stability, restructurization of debts and consolidation of public finance were also introduced as stabilization measures. Comparing to others European economies, like Greece or Spain, in 2011 the condition of Icelandic economy was better (higher rate of GDP growth, lower unemployment rate and public deficit). The strategy adopted by Iceland turned out to bring successful results, but there is a question whether it could be implemented in others economies.

Keywords

PL

Kryzys finansowy; Kryzys finansowy państwa

EN

Financial crisis; State financial crisis

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Studia Ekonomiczne
• Year: 2013
• Volume: 170
• Pages: 190-205

Contributors

author

Marta Wajda-Lichy

References

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Identifiers

ISSN

2083-8611