This book addresses the causes and consequences of the international financial crisis of 2008. A range of esteemed contributors explore developments in the United States, where the crisis of 2008 originated, as well as the smallest country affected, Iceland, by evaluating developments since 2008. Currently, many countries are facing similar problems as Iceland did in 2008: this book is of interest to economists and policy makers in these countries to study what happened in Iceland, and why the recovery of that economy was strong and swift. The chapters in this book originate from panel discussions and conferences and explore areas including regulation, state projects and inflation. The title contributes to our knowledge about the causes and consequences of financial crises. It covers both the genesis of the crisis, effects on other countries and the consequences for the general public in terms of financial hardship and health outcomes. Contributors have a range of backgrounds including academic as well as experience in international institutions, central banks and commercial banks.