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A Tale of Two Crises: Iceland and Greece
For very different reasons, Greece and Iceland had major financial crises in the past ten years. The contrasts in origins of the crises, and in reform measures taken, provide important lessons for future crisis stricken countries and for the international community.
About DEC Lectures
The Development Economics Vice Presidency (DEC) launched its lecture series in April 2005 to bring distinguished academics to the Bank to present and discuss new knowledge on development. The purpose of the Lecture Series is to introduce ideas on cutting edge research, challenge and contribute to the Bank's intellectual climate, and reexamine current development theories and practices. The Lectures revisit issues of long-standing concern and explore emerging issues that promise to be central to future development discourse. The Lecture Series reflects DEC’s commitment to intellectual leadership and openness in embracing future challenges to reduce poverty.