Black Swan Rebound Manual Gets Final Chapter in Icelandic Tale
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The suddenness with which Iceland disappeared down a hole created by its banks’ debts shocked the world in 2008.
But seven years later, the island’s steps to resurrect itself are becoming something of a how-to manual for nations exiting financial crises. How Finance Minister Bjarni Benediktsson handles the island’s next hurdle -- a final exit from capital controls -- could become a road map for other nations as steering currency flows grows in importance.