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Financial Crises in Iceland and Ireland

Does European Union and Euro Membership Matter

Bibliographic Data

ID7876515
AuthorsBaldur Thorhallsson (0000-0002-6332-8500, University of Iceland), Peadar Kirby (University of Limerick)
Year2012
Volume50
Issue5
Pages801-818
Publication date2012-09-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJCMS Journal of Common Market Studies (JOURNAL)
Journal identifiersISSN: 0021-9886 • E-ISSN: 1468-5965
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1468-5965.2012.02258.x
OpenAlexW2097710838
LanguageEN
Citations received11
References cited12

The article examines the claims of the small states literature on the importance of alliance formation. It applies it to the case of Ireland and Iceland and asks whether membership of the EU and euro in Ireland and the absence of these in Iceland had a say in their reduction of risk before the financial crisis, assistance in absorbing the shock of their crash and help in recovering after it. The article argues that the notion of shelter needs to take more account of domestic arrangements and the shelter's costs though the cases confirm the importance of alliance formation

Alliance · Business · Crash · Economics · European union · Financial crisis · International trade · Keynesian economics · Political science · Shock (circulatory · European Socioeconomic and Political Studies · Finance · Global Financial Crisis and Policies · Law · Regional Development and Policy

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Unique citing works11
Citations per year0,79
Citation span2012 - 2026 (15)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 9

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