Iceland became one of the symbols of the global financial crisis. It provides an ideal test case for the perceptions of economists, in particular their ability to anticipate crises. The book contains papers and reports, written prior to the collapse of Iceland's financial system, about the economy. What did and didn't they see coming, and why?

FRIDRIK M. BALDURSSON Professor, School of Business, Reykjavik University, Iceland WILLEM BUITER Chief Economist, Citigroup, USA LARS CHRISTIANSEN Senior Analyst, Danske Bank, Denmark DANIEL GROS Director, Centre for European Policy Studies, Brussels, Belgium THORVALDUR GYLFASON Professor of Economics, University of Iceland, Iceland TRYGGVI T. HERBERTSSON Member of Icelandic Parliament and a former Professor of Economics at the University of Iceland, Iceland FREDERIC MISHKIN Alfred Lerner Professor of Banking and Financial Institutions, Graduate School of Business, Columbia University, USA RICHARD PORTES Professor of Economics, London Business School, UK ANNE SIBERT Professor of Economics, Department of Economics, Mathematics and Statistics, Birkbeck College, University of London, UK THROSTUR O SIGURJONSSON Assistant Professor, School of Business, Reykjavik University, Iceland GYLFI ZOEGA Professor of Economics, Department of Economics, University of Iceland, Iceland CARSTEN VALGREEN Chief Economist, Danske Bank, Denmark