US Financial Crisis: Iceland's Unintended Consequences
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Code : ECC0009
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Region : US,Iceland |
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Introduction: The emergence of globalisation has transformed the world, which proved to be a boon for the emerging economies as it removed barriers of capital mobilisation. Countries and companies are set free to invest in any profitable venture across the world. However, in today's global environment, no country can remain unaffected from the disastrous happenings, especially if these affect major economies like the US and European Union (EU). The same has been witnessed in the recent US financial crisis. Several countries' financial systems were devastated in the US financial storm. Iceland was severely caught in the perils of US financial market... |
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