What are two areas that are primary contributors to the ‘08-‘09 financial crisis for both the US and Iceland? Also, what was the impact of the banking/financial crisis for both the US and Iceland?

What are two areas that are primary contributors to the ‘08-‘09 financial crisis for both the US and Iceland? Also, what was the impact of the banking/financial crisis for both the US and Iceland?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 34CTQ: If a country is a big exporter, is it more exposed to global financial crises?

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