Explain how Iceland's floating exchange rate allowed for immense appreciation of the ISK in the lead-up to the 2008 crisis, and the consequences of
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<ol><li>Explain how Iceland's floating exchange rate allowed for immense appreciation of the ISK in

the lead-up to the 2008 crisis, and the consequences of the Icelandic financial crisis on the ISK in the months and years after the crisis. </li></ol>

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A free floating exchange rate caused the currency of Iceland to appreciate against the Euro in... View the full answer

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