There are potential problems if you write your own recursive implementation or the iterative equivalent with stack. See this example:
dic = {}
dic["key1"] = {}
dic["key1"]["key1.1"] = "value1"
dic["key2"]  = {}
dic["key2"]["key2.1"] = "value2"
dic["key2"]["key2.2"] = dic["key1"]
dic["key2"]["key2.3"] = dic
In the normal sense, nested dictionary will be a n-nary tree like data structure. But the definition doesn't exclude the possibility of a cross edge or even a back edge (thus no longer a tree). For instance, here key2.2 holds to the dictionary from key1, key2.3 points to the entire dictionary(back edge/cycle). When there is a back edge(cycle), the stack/recursion will run infinitely.
            root<-------back edge
          /      \           |
       _key1   __key2__      |
      /       /   \    \     |
 |->key1.1 key2.1 key2.2 key2.3
 |   /       |      |
 | value1  value2   |
 |                  | 
cross edge----------|
If you print this dictionary with this implementation from Scharron
def myprint(d):
    for k, v in d.items():
        if isinstance(v, dict):
            myprint(v)
        else:
            print "{0} : {1}".format(k, v)
            
You would see this error:
> RuntimeError: maximum recursion depth exceeded while calling a Python object
The same goes with the implementation from senderle.
Similarly, you get an infinite loop with this implementation from Fred Foo:
def myprint(d):
    stack = list(d.items())
    while stack:
        k, v = stack.pop()
        if isinstance(v, dict):
            stack.extend(v.items())
        else:
            print("%s: %s" % (k, v))
However, Python actually detects cycles in nested dictionary:
print dic
{'key2': {'key2.1': 'value2', 'key2.3': {...}, 
       'key2.2': {'key1.1': 'value1'}}, 'key1': {'key1.1': 'value1'}}
"{...}" is where a cycle is detected.
As requested by Moondra this is a way to avoid cycles (DFS):
def myprint(d): 
    stack = list(d.items()) 
    visited = set() 
    while stack: 
        k, v = stack.pop() 
        if isinstance(v, dict): 
            if k not in visited: 
                stack.extend(v.items()) 
        else: 
            print("%s: %s" % (k, v)) 
        visited.add(k)