The Dutch disease in reverse: Iceland's natural experiment
Abundant natural resources brought Iceland a systemically overvalued currency, with adverse effects on the secondary tradable sector. During 2003-2008 another national treasure, the sovereign's AAA rating, was used to attract foreign capital, elevating the real exchange rate even further. The f...
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| Formato: | Working paper |
| Publicado em: |
University of Oxford
2014
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