The Icelandic financial crisis : a study into the world's smallest currency area and its recovery from total banking collapse /: a study into the world's smallest currency area and its recovery from total banking collapse. ([2016])

• Record Type: Book
• Further Information: Note: Ásgeir Jónsson, Hersir Sigurgeirsson.
• Authors: Ásgeir Jónsson; Hersir Sigurgeirsson
• Contents: List of Figures; List of Tables; 1: Introduction; 1.1 Gala at Harpa; 1.2 One Letter and Six Months?; 1.3 The Unfinished Business of 2011; 1.4 Lessons Learned?; 1.4.1 Lessons in Banking; 1.4.2 Lessons in International Finance; 1.5 The ``Appalling Blank;́́ 2: The Worst Case Scenario; 2.1 Midnight at the Mansion; 2.2 The Botched Bailout; 2.3 A Rejection from the US Fed; 2.4 The WaMu Way?; 2.5 The Geyser Warning; 2.6 A Force Majeure Action; 2.7 God Bless Iceland; 3: Reykjavik on the Thames; 3.1 The Problem with the Banks ́Owners; 3.2 An Act of Terrorism? 3.3 Will the Payment System Collapse?3.4 Reykjavik on the Thames; 3.5 Sound and Fury; 4: Day Zero; 4.1 When the Phones Went Silent; 4.2 How to Value Assets?; 4.3 How to Partition the Banks?; 4.4 A Troubled Childhood: The Operation of the New Banks; 4.5 Dealing with Blame, Shame and Punishment; 5: Worthless Currency?; 5.1 The Transfer Problem; 5.2 The Icesave Debacle; 5.3 The Carry Trade Hangover; 5.4 The Current Account and the Capital Controls; 5.5 The Currency Auctions; 5.6 The Political Fallout; 6: Meet the Hedge Funds; 6.1 The Sir Philip Moment; 6.2 Business at the Old Banks. 6.3 The Asset Base of the Estates6.4 Hedge Funds as Bank Owners; 6.5 What Kind of Resolution?; 6.6 Asset Return at Composition; 6.7 Sharing the Profitswith the Public; 7: The Faustian Bargain of Capital Controls; 7.1 Would You Like to Own a Stake in Deutsche Bank AG?; 7.2 The Operation of the Controls; 7.3 The Capital Controls as a Bargaining Tool; 7.4 The Carrot and Stick Approach; 7.5 The Stability Contributions; 7.6 The Textbook Case?; 8: Dealing with Monetary Pollution; 8.1 What Happens If You Quadruple the Money Supply in Four Years?; 8.2 Doubling the Money Multiplier. 8.3 The Love Letters8.4 Helicopter Drops and the Bernanke Doctrine; 8.5 The Different Meaning of Money in Small Currency Areas; 8.6 Deposit Funding as aCurrency Risk; 8.7 The Stability Conditions; 9: A Full Recovery: Fiscal Cost of the Crisis; 9.1 To Cut the Link Between the Sovereign and Banks; 9.2 Central Bank Collateralized Loans and Treasury Securities Lending; 9.3 Recapitalization of the Commercial Banks; 9.4 Recapitalization of the HFF and the Savings Banks; 9.5 The CBI Loan to Kaupthing and State Guarantees; 9.6 Special Taxes and Stability Contributions of the Estates. 9.7 Fiscal Gains from the Capital Controls9.8 A Net Gain; Bibliography; Index.
• Publisher Details: London : Palgrave Macmillan
• Publication Date: 2016
• Extent: 1 online resource (xvi, 349 pages)
• Subjects: 332.1094912; Bank failures -- Iceland; Global Financial Crisis, 2008-2009; Banks and banking -- Iceland -- History; BUSINESS & ECONOMICS -- Finance; Bank failures; Banks and banking; Economic history; Iceland -- Economic conditions -- 21st century; Iceland; Electronic books; Electronic books; History
• Languages: English
• ISBNs: 9781137394552; 1137394552
• Related ISBNs: 9781137394545; 1137394544
• Notes: Note: Includes bibliographical references and index.; Note: Online resource; title from PDF title page (EBSCO, viewed February 27, 2017).
• Access Rights: Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
• Access Usage: Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.