{"product_id":"9781137394545","title":"Palgrave Macmillan Studies in Banking and Financial Institutions: A Study into the World´s Smallest Currency Area and its Recovery from Total Banking Collapse","description":"\u003ch1\u003ePalgrave Macmillan Studies in Banking and Financial Institutions: A Study into the World´s Smallest Currency Area and its Recovery from Total Banking Collapse\u003c\/h1\u003e \u003ch2\u003eJónsson, Ásgeir; Sigurgeirsson, Hersir\u003c\/h2\u003e \u003cp\u003e\u003c\/p\u003e\u003cp\u003eThis book presents a detailed account of Iceland’s recovery from the  tumultuous banking collapse that overturned its financial industry in 2008.  Early chapters recount how Iceland’s central bank was unable to follow the  quantitative easing policies of the time to print money and save the banks,  while serving the world´s smallest currency area. The book goes on to explore  how the government exercised force majeure rights to implement emergency  legislation aimed at preventing the “socialization of losses”. Later chapters  investigate how, eight years later, these policies have yielded renewed growth  and reinvigorated liquidity streams for the financial system. The authors  argue that Iceland, long-called the ‘canary in the coal mine’ of the developed  world, offers important lessons for the future. This book will be useful to  all readers interested in better understanding the unique history of Iceland’s  banking crisis and the phenomena of its recovery.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Palgrave Macmillan\u003c\/p\u003e \u003cp\u003ePublication Date: 2017-02-13\u003c\/p\u003e \u003cp\u003eFormat: Hardcover\u003c\/p\u003e \u003cp\u003eISBN-13: 9781137394545\u003c\/p\u003e \u003cp\u003eDOI: 10.1057\/978-1-137-39455-2\u003c\/p\u003e \u003cp\u003eDimensions: 210cm x148cm\u003c\/p\u003e \u003cp\u003ePages: 349\u003c\/p\u003e ","brand":"Palgrave Macmillan UK","offers":[{"title":"Default Title","offer_id":44752436854924,"sku":"9781137394545","price":161.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781137394545.jpg?v=1775055303","url":"https:\/\/lateknightbooks.com\/products\/9781137394545","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}