tag:blogger.com,1999:blog-1752771132348583018.post7716156247280631114..comments2024-03-28T04:18:27.812-05:00Comments on Managerial Econ: The Heat is on in IcelandLuke Froebhttp://www.blogger.com/profile/06832270922187297624noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1752771132348583018.post-11344887079186650492010-01-08T08:32:57.141-06:002010-01-08T08:32:57.141-06:00I agree. I looked at a number of articles as well...I agree. I looked at a number of articles as well and didn't see a whole lot of consistency. It does seem that the government of Iceland is between a rock and hard place on this one.Brian McCannhttps://www.blogger.com/profile/17761477291521344241noreply@blogger.comtag:blogger.com,1999:blog-1752771132348583018.post-47803383484944098642010-01-07T23:32:51.422-06:002010-01-07T23:32:51.422-06:00I might add that every account I read of this situ...I might add that every account I read of this situation provides a different description of the actions of the Icelandic banks, of the government of Iceland, and so on. I think I'll wait until I read something somewhat definitive.Don Coffinhttps://www.blogger.com/profile/07198988872512792834noreply@blogger.comtag:blogger.com,1999:blog-1752771132348583018.post-7605297564291463872010-01-07T12:43:48.752-06:002010-01-07T12:43:48.752-06:00My understanding of the situation is that the bank...My understanding of the situation is that the banks in Iceland explicitly did not provide guarantees to depositors. That the UK and Netherlands governments decided to make good. That both those governments, the EU, and the IMF put pressure on Iceland to provide ex post guarantees, by making implicit, and sometimes explicit, threats about future access to international credit markets. That the government of Iceland caved. <br /><br />It's a slightly different story told in this way.Don Coffinhttps://www.blogger.com/profile/07198988872512792834noreply@blogger.com