Reread the Country Focus, The IMF and Icelands Economic Recovery, and then answer the following questions: a.

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Reread the Country Focus, “The IMF and Iceland’s Economic Recovery,” and then answer the following questions:

a. What were the main causes of Iceland’s economic troubles in 2008?

b. Was Iceland facing a classic currency crisis, or was this a banking crisis?

c. How did Iceland recover from its 2008–

2009 crisis? What are the important lessons to draw from this case?

d. Iceland did not implement the austerity policies that are so often associated with IMF loans, and yet the economy recovered. Does this suggest that austerity policies do not work?

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International Business Competing In The Global Marketplace

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Iceland did not implement the austerity policies that are so often associated with IMF loans, and yet the economy recovered. Does this suggest that austerity policies do not work?
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Reread the Country Focus, The IMF and Icelands Economic Recovery, and then answer the following questions: a.

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a Main Causes of Icelands Economic Troubles in 2008 Financial System Collapse The collapse of Icelands major banks Kaupthing Glitnir and Landsbanki du...View the full answer

International Business Competing In The Global Marketplace

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