University of Iceland seminar
I did a seminar at the University of Iceland. The first half of the presentation was about risk and regulations and the second part is about economic…
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18 posts in this category
With capital controls gone, Iceland must prioritise investing abroad
The Icelandic government announced today it it lifting its capital controls. Private investors, pension funds and the government need to prioritise in…
Read moreIMF and Iceland
I just spotted an interview with the IMF representatives to Iceland about their policy prescriptions, and it did make for an interesting reading.
Read moreStability in Iceland
I got to address the annual meeting of Business Iceland today on the topic of "On fiscal and monetary policy in Iceland". The main theme was about wh…
Read moreIceland, Greece and political hectoring
The Greek and the Icelandic crisis have much in common, not the least the heavy pressure from foreign countries and the hectoring from their public of…
Read moreGreece on Sprengisandur
I got to talk about Greece on the radio show Sprengisandur, if you understand Icelandic.
Read moreWhy Iceland can now remove capital controls
Iceland has just announced it is getting rid of its capital controls. This column argues that the government's plan is a credible, efficient and fair …
Read moreCapital controls
I got to participate in a discussion on capital controls, sponsored by Samtök Atvinnulífsins which could be translated as the Icelandic Chamber of Co…
Read moreIceland's post-Crisis economy: A myth or a miracle?
Icelandic voters recently ejected its post-Crisis government - a government that successfully avoided economic collapse when the odds were stacked ag…
Read moreThe capital controls in Cyprus and the Icelandic experience
Cyprus has imposed temporary capital controls. This column sheds light on how temporary and how damaging they are likely to be, based on Iceland's exp…
Read moreIceland and the IMF: Why the capital controls are entirely wrong
The IMF has emerged from the global crisis bigger and more powerful. But this column argues that the capital controls it required Iceland to adopt in …
Read moreIceland: Was the IMF programme successful?
According to the IMF, Iceland has graduated from its Fund-supported programme with unqualified success. This column begs to differ.
Read moreHow not to resolve a banking crisis: Learning from Iceland's mistakes
Much of macroeconomic policymaking is trial and error. This column discusses calamitous error on the part of Iceland's policymakers, in the hope that …
Read moreLessons from the Icesave rejection
Icelanders have voted against providing a government guarantee for claims made by the UK and the Dutch governments against Iceland's deposit insurance…
Read moreThe saga of Icesave: A new CEPR Policy Insight
Icelanders may well reject the terms of the financial deal with Britain and the Dutch in a March referendum. This column introduces a new CEPR Policy …
Read moreIceland applies for EU membership, the outcome is uncertain
The Icelandic parliament has decided to apply for EU membership. This column warns that domestic opposition and outstanding disputes with EU member co…
Read moreGovernment failures in Iceland: Entranced by banking
Some view Iceland's crisis as holding lessons for any country with an outsized financial sector, e.g. the UK. This column disagrees, arguing that Icel…
Read moreHow bad could the crisis get? Lessons from Iceland
Iceland's banking system is ruined. GDP is down 65% in euro terms. Many companies face bankruptcy; others think of moving abroad. A third of the popul…
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