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Palgrave Macmillan

The 2008 Global Financial Crisis in Retrospect

Causes of the Crisis and National Regulatory Responses

  • Book
  • © 2019

Overview

Editors:
  1. Robert Z. Aliber

    1. Booth School of Business, University of Chicago, Chicago, USA

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  2. Gylfi Zoega

    1. Department of Economics, University of Iceland, Reykjavik, Iceland

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  • Contributes to our knowledge about the causes and consequences of financial crises
  • Covers both the genesis of the crisis, effects on other countries and the consequences for the general public in terms of financial hardship and health outcomes
  • Contributors have a range of backgrounds including academic as well as experience in international institutions, central banks and commercial banks

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Table of contents (21 chapters)

  1. Front Matter

    Pages i-xviii
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  2. A Retrospective on the 2008 Global Financial Crisis

    • Robert Z. Aliber, Gylfi Zoega
    Pages 1-15

  4. Iceland and the 2008 Global Crisis

    1. Front Matter

      Pages 175-175
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    2. From a Capital Account Surplus to a Current Account Deficit

      • Hamid Raza, Gylfi Zoega
      Pages 177-189

    3. Lessons from the Icelandic Financial Crisis

      • Sigridur Benediktsdottir, Gauti Eggertsson, Eggert T. Thorarinsson
      Pages 191-207

    4. Iceland’s Capital Controls

      • Fridrik M. Baldursson
      Pages 209-226

    5. Wage of Failure: Executive Compensation at the Failed Icelandic Banks

      • Gudrun Johnsen
      Pages 227-256

    6. Financial Policy After the Crisis

      • Jon Danielsson
      Pages 257-279

    7. Business Cycles and Health: Lessons from the Icelandic Economic Collapse

      • Tinna Laufey Asgeirsdóttir
      Pages 281-295

    8. Ten Years After: Iceland’s Unfinished Business

      • Thorvaldur Gylfason
      Pages 297-325

    9. After 100 Years of Experimenting: One Solution?

      • Asgeir Jonsson
      Pages 327-348
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Keywords

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.

Editors and Affiliations

  • Booth School of Business, University of Chicago, Chicago, USA

    Robert Z. Aliber

  • Department of Economics, University of Iceland, Reykjavik, Iceland

    Gylfi Zoega

About the editors

Robert Z. Aliber received a Bachelor of Arts degree from Williams College (1952) and Bachelor of Arts (1954) and a Master of Arts (1957) from Cambridge University. He received his Ph.D. from Yale University. He has been a staff economist at the Commission on Money and Credit (1959–61) and at the Committee for Economic Development (1961–64). Aliber served as a senior economic advisor at the United States Agency for International Development (1964–65). He was appointed as an associate professor at the University of Chicago in 1964. He is best known for his contribution to the theory of foreign direct investment. He is the author of revised editions of Charles Kindleberger’s Manias, Panics and Crashes(Palgrave Macmillan).



Gylfi Zoega received his first degree at the University of Iceland and a PhD in economics from Columbia University in 1993. He is Professor of Economics at the University of Iceland and Birkbeck College, London, since 1993 and an external member of the Monetary Policy Committee of the Central Bank of Iceland. He has followed the financial crisis in Iceland and taken part in the recovery effort for the past ten years. In addition, he has written a number of academic papers on financial turbulence and capital flows and co-authored the book Preludes to the Icelandic Financial Crash in 2011.

Bibliographic Information

  • Book Title: The 2008 Global Financial Crisis in Retrospect

  • Book Subtitle: Causes of the Crisis and National Regulatory Responses

  • Editors: Robert Z. Aliber, Gylfi Zoega

  • DOI: https://doi.org/10.1007/978-3-030-12395-6

  • Publisher: Palgrave Macmillan Cham

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2019

  • Hardcover ISBN: 978-3-030-12394-9Published: 13 June 2019

  • Softcover ISBN: 978-3-030-12397-0Published: 14 August 2020

  • eBook ISBN: 978-3-030-12395-6Published: 01 June 2019

  • Edition Number: 1

  • Number of Pages: XVIII, 443

  • Number of Illustrations: 11 b/w illustrations, 75 illustrations in colour

  • Topics: Macroeconomics/Monetary Economics//Financial Economics, International Economics, Law and Economics, Financial Crises, Banking

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