TY - JOUR
T1 - Financial Crises in Iceland and Ireland
T2 - Does European Union and Euro Membership Matter?
AU - Thorhallsson, Baldur
AU - Kirby, Peadar
PY - 2012/9
Y1 - 2012/9
N2 - The article examines the claims of the small states literature on the importance of alliance formation. It applies it to the case of Ireland and Iceland and asks whether membership of the EU and euro in Ireland and the absence of these in Iceland had a say in their reduction of risk before the financial crisis, assistance in absorbing the shock of their crash and help in recovering after it. The article argues that the notion of shelter needs to take more account of domestic arrangements and the shelter's costs though the cases confirm the importance of alliance formation.
AB - The article examines the claims of the small states literature on the importance of alliance formation. It applies it to the case of Ireland and Iceland and asks whether membership of the EU and euro in Ireland and the absence of these in Iceland had a say in their reduction of risk before the financial crisis, assistance in absorbing the shock of their crash and help in recovering after it. The article argues that the notion of shelter needs to take more account of domestic arrangements and the shelter's costs though the cases confirm the importance of alliance formation.
UR - http://www.scopus.com/inward/record.url?scp=84865385356&partnerID=8YFLogxK
U2 - 10.1111/j.1468-5965.2012.02258.x
DO - 10.1111/j.1468-5965.2012.02258.x
M3 - Article
AN - SCOPUS:84865385356
SN - 0021-9886
VL - 50
SP - 801
EP - 818
JO - Journal of Common Market Studies
JF - Journal of Common Market Studies
IS - 5
ER -
