THE SHOCKING ERRORS BEHIND ICELAND'S MELTDOWN
是谁拖垮了冰岛?


伦敦商学院教授伯茨:冰岛三大银行都具备偿付能力。它们上半年业绩良好;有着健康的资产充足率,同时对市场融资的以来程度并不比同行高。冰岛崩溃的原因在于这场危机的严重程度和该国政府骇人听闻的政策失误。

Iceland's Glitnir Bank was among the first casualties. One of the many vicious circles in this crisis ensnared Iceland's banks: they were deemed too risky because the country's central bank seemed not to be a credible lender of last resort, while the government and central bank were deemed not credible because they might have to take over the banks.

冰岛的Glitnir银行是第一批受害者之一。冰岛的银行陷入了这场危机中的众多恶性循环之一:由于冰岛央行看上去不是可靠的最后贷款人,市场认为冰岛的银行风险过高;而人们认为冰岛政府和央行不可靠,因为它们可能不得不接管银行。

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