The 2008 Global Financial Crisis in Retrospect

Causes of the Crisis and National Regulatory Responses

  • Robert Z. Aliber
  • Gylfi Zoega

Table of contents

  1. Front Matter
    Pages i-xviii
  2. Robert Z. Aliber, Gylfi Zoega
    Pages 1-15
  3. The Source of the 2008 Global Financial Crisis

  4. Iceland and the 2008 Global Crisis

    1. Front Matter
      Pages 175-175
    2. Hamid Raza, Gylfi Zoega
      Pages 177-189
    3. Sigridur Benediktsdottir, Gauti Eggertsson, Eggert T. Thorarinsson
      Pages 191-207
    4. Fridrik M. Baldursson
      Pages 209-226
    5. Jon Danielsson
      Pages 257-279
    6. Thorvaldur Gylfason
      Pages 297-325
    7. Fredrik N. G. Andersson, Lars Jonung
      Pages 349-369
    8. Thórarinn Pétursson
      Pages 371-393
  5. Panel Discussion on the 2008 Crisis

    1. Front Matter
      Pages 411-411
    2. Robert Z. Aliber, William White, Lawrence Goodman
      Pages 413-434
  6. Back Matter
    Pages 435-443

About this book


 This book addresses the causes and consequences of the international financial crisis of 2008. A range of esteemed contributors explore developments in the United States, where the crisis of 2008 originated, as well as the smallest country affected, Iceland, by evaluating developments since 2008. Currently, many countries are facing similar problems as Iceland did in 2008: this book is of interest to economists and policy makers in these countries to study what happened in Iceland, and why the recovery of that economy was strong and swift. The chapters in this book originate from panel discussions and conferences and explore areas including regulation, state projects and inflation.


Icelandic economy Origins of the 2007/2008 financial crisis Financial crises Small open economies US financial crisis Crisis and boom Banking crisis Currency crisis Asian crisis Regulatory response to financial crisis Financial market turbulence Capital flows Monetary Regimes Banking Regulation Cross-Border Financial Flows The Icelandic banking crisis of 2008 Business cycles and health Post-crisis monetary policy reforms Inflation targeting Capital controls

Editors and affiliations

  • Robert Z. Aliber
    • 1
  • Gylfi Zoega
    • 2
  1. 1.Booth School of BusinessUniversity of ChicagoChicagoUSA
  2. 2.Department of EconomicsUniversity of IcelandReykjavikIceland

Bibliographic information

Industry Sectors
Finance, Business & Banking