Dopady americké hypoteční krize na ekonomiku Islandu

This paper concentrates on the beginning of the mortgage crisis on the United States mortgage market. It deals with its global and local impacts and explains its origin against the economic background. After that it fluently continues with describing the origins of the Icelandic crisis. It is mentioned in this part that despite the economic boom the origins of the crisis had arisen at that time. After the burst the progression of the crisis including its impacts on macroeconomic indicators is described in this document. In conclusion the Icelandic crisis is being explained on the economic theory basis, compared to the American crisis and the question if Iceland was really a victim of the subprime mortgage crisis is answered there.