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National Repository of Grey Literature 2 records found  Search took 0.00 seconds. 
Ireland and Iceland and the Global Economic Crisis
 Bořuta, Lukáš ; Žamberský, Pavel (advisor) ; Bič, Josef (referee)
The main objective of my thesis is to analyze and compare reactions of Iceland and Ireland to financial and economic crisis as well as the aftermath of the crisis and the process of recovery as direct consequence of these reactions. Both states had financial sector couple of times bigger than their GDP before the crisis and after the fall of Lehman Brothers they ran into some serious difficulties. However, states chose very different approaches to deal with a situation. Ireland decided to bailout its banks despite the huge increase in public debt and cost of taxpayers' money. Iceland allowed its banks to default and backed only domestic deposits. In my thesis I also analyze the fact that Ireland is a member of euro area and therefore does not possess independent monetary policy and Iceland has independent floating currency and implications that these facts had during and after the crisis on development of countries. In the last chapter I am analyzing possibilities of future development of economies and potential risks and challenges that lie ahead of them.
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Iceland's economy in the context of the global financial and economic crisis
 Bořuta, Lukáš ; Cihelková, Eva (advisor) ; Bartušková, Hana (referee)
This Bachelor thesis analyzes the impact of the global financial and economic crisis on Iceland's economy and the Iceland as a whole. This thesis describes the specifics of the Iceland's economy and the events that led to economic growth from the beginning of the new millennia. It describes the causes and effects of the global financial crisis on the economic and political situation of the country. It closely analyzes the collapse of banking sector, problems with saving bank Icesave and the help provided by International Monetary Fund and surrounding countries. It also briefly describes the development of relations between Iceland and the European Union, provides a view on economic post-crisis development and its gradual recovery. It also deals with short-term forecasts of future economic development. Finally, the thesis describes the main risks and challenges that Iceland faces on its way to full recovery.
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