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About: Icelandic outvasion     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : dbo:Country, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: yago:WikicatRussianMafiaEventsyago:Abstraction100002137yago:Event100029378yago:PsychologicalFeature100023100yago:YagoPermanentlyLocatedEntitycountry New Facet based on Instances of this Class

The Icelandic "outvasion" (Icelandic: útrás [ˈuːtraus]) was the period in the economic history of Iceland between 2000 and the onset of its financial crisis in October 2008. With the privatisation of the Icelandic banks being advantageous for investors, there was a large supply of cheap loan capital on the international market. A clause in the agreement with the European Economic Area stipulated the free flow of capital to and from Iceland.