During the global crisis, Iceland was hit by the biggest banking crisis any country has ever suffered. Over at VOX, Friðrik Már Baldursson reviews the role of the IMF in Iceland’s recovery. He argues that the IMF program, though not perfectly designed, was successful -- Iceland re-entered the capital markets less than three years after the crisis.
I’ve blogged about Friðrik here at the Lounge before: he is the dean of the school of business at Reykjavik University and was my host during a recent trip to Iceland to discuss banking reform and the political process.
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