Cyprus and Iceland: a tale of two capital controls

[Spinat]

Markets capital controls, Cyprus, cyprus banks, foreign funds, iceland banks, iceland economy, tax havens
LONDON | March 6, 2015 | By Sigr?n Dav?dsd?ttir | Both in Cyprus and Iceland foreign funds flowed into the islands, in the end forcing the government to make use of extreme measures when the tide turned. These measures are normally called ?capital controls? which in these two cases hides the fact that the measures used are fundamentally different in all but name. In Iceland, the controls contain the effect of lacking foreign currency, effectively a balance of payment problem ? in Cyprus, the controls were a way of defending banks against bank run, i.e. preventing depositors to move funds freely.
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[JohnLocke]

Thank you for sharing, I wasn't aware of tha Iceland are going in the foot steps of Iceland.

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[Sany zeth]

read more here donot having a refer link.
Is it my browser related problem or your mistake?

 

[Sansa]

Sany zeth said:
read more here donot having a refer link.
Is it my browser related problem or your mistake?
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Probably the link is down already since this was posted last year. Anyway, google is always our friend.