Publication
31 May 2006
In stress situations or when the macroeconomic situation unwinds, those countries are among the first to be exposed to external shocks, and face considerable macroeconomic volatility. The experience of Iceland is particularly relevant as some indicators echo to some extent the school-case scenario of a capital account crisis, and furthermore deliver a similar picture to that of the United States’ situation.
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English (PDF, 5 pages, 54 KB) |
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Author | Charles Gottlieb |
Series | CEPS Commentaries |
Issue | 7 |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2006 Centre for European Policy Studies (CEPS) |