Przemiany polityczne na Islandii w warunkach kryzysu bankowego i gospodarczego
The author begins with a brief description of the essential political institutions of Iceland, as a republic with a parliamentary cabinet form of government and the special role of the president, arguing with the point of views that Iceland should be seen as a state with a semi-presidential form of...
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ftsghwarsawojs:oai:ojs2.econjournals.sgh.waw.pl:article/150 2023-05-15T16:47:42+02:00 Przemiany polityczne na Islandii w warunkach kryzysu bankowego i gospodarczego Osiński, Joachim 2011-11-29 application/pdf https://econjournals.sgh.waw.pl/kwes/article/view/150 https://doi.org/10.33119/KKESSiP.2011.1.1 pol pol Oficyna Wydawnicza SGH https://econjournals.sgh.waw.pl/kwes/article/view/150/135 https://econjournals.sgh.waw.pl/kwes/article/view/150 doi:10.33119/KKESSiP.2011.1.1 Copyright (c) 2011 Oficyna wydawnicza SGH https://creativecommons.org/licenses/by/4.0 CC-BY Kwartalnik Kolegium Ekonomiczno-Społecznego. Studia i Prace; No 1 (2011); 14-45 Kwartalnik Kolegium Ekonomiczno-Społecznego. Studia i Prace; Nr 1 (2011); 14-45 2082-0976 Banking crisis Economic crisis Political situation Banking system info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion 2011 ftsghwarsawojs https://doi.org/10.33119/KKESSiP.2011.1.1 2023-03-07T17:01:10Z The author begins with a brief description of the essential political institutions of Iceland, as a republic with a parliamentary cabinet form of government and the special role of the president, arguing with the point of views that Iceland should be seen as a state with a semi-presidential form of government. Describing the political situation before the banking crisis, the author underlines the strong position of the Independence Party, which according to the results of the parliamentary elections (elections in 2007), plays a leading role in the "political life" of the state. The author pays attention to the process of oligarchisation in that party and the informal systems of social-network-based links and pathological links between the worlds of politics and business. Growing since the 90s, the dominance of a few family clans, together with the deregulation and privatization of the economy, led to nepotism and lack of accountability on the part of politicians and business representatives. An expansion of the three largest Icelandic banks Landsbanki, Kaupthing and Glitnir, without any significant criticism and state control, has led to a situation where at the end of 2008 their assets were 10-fold greater than the GDP of Iceland. Loss of confidence in the interbank markets after the collapse of Lehman Brothers in the U.S., caused inhibition of liquidity and consequently the collapse of these banks, eventually acquired by the state. The most spectacular was the collapse of Icesave - the Internet branch of Landsbanki operating in the UK and the Netherlands. The disintegration of the banking system led to a disintegration of the coalition government. Early elections in April 2009, won by the Social Democratic Alliance and the Left-Green Movement, led to the formation of a center-left government of Prime Minister, Ms J. Sigur?ardóttir. The first major action was the government's reorientation of foreign policy and submitting an application for EU membership, and the subsequent arrangement of the debts after the ... Article in Journal/Newspaper Iceland SGH Journals Kwartalnik Kolegium Ekonomiczno-Społecznego. Studia i Prace 1 14 45 |
institution |
Open Polar |
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SGH Journals |
op_collection_id |
ftsghwarsawojs |
language |
Polish |
topic |
Banking crisis Economic crisis Political situation Banking system |
spellingShingle |
Banking crisis Economic crisis Political situation Banking system Osiński, Joachim Przemiany polityczne na Islandii w warunkach kryzysu bankowego i gospodarczego |
topic_facet |
Banking crisis Economic crisis Political situation Banking system |
description |
The author begins with a brief description of the essential political institutions of Iceland, as a republic with a parliamentary cabinet form of government and the special role of the president, arguing with the point of views that Iceland should be seen as a state with a semi-presidential form of government. Describing the political situation before the banking crisis, the author underlines the strong position of the Independence Party, which according to the results of the parliamentary elections (elections in 2007), plays a leading role in the "political life" of the state. The author pays attention to the process of oligarchisation in that party and the informal systems of social-network-based links and pathological links between the worlds of politics and business. Growing since the 90s, the dominance of a few family clans, together with the deregulation and privatization of the economy, led to nepotism and lack of accountability on the part of politicians and business representatives. An expansion of the three largest Icelandic banks Landsbanki, Kaupthing and Glitnir, without any significant criticism and state control, has led to a situation where at the end of 2008 their assets were 10-fold greater than the GDP of Iceland. Loss of confidence in the interbank markets after the collapse of Lehman Brothers in the U.S., caused inhibition of liquidity and consequently the collapse of these banks, eventually acquired by the state. The most spectacular was the collapse of Icesave - the Internet branch of Landsbanki operating in the UK and the Netherlands. The disintegration of the banking system led to a disintegration of the coalition government. Early elections in April 2009, won by the Social Democratic Alliance and the Left-Green Movement, led to the formation of a center-left government of Prime Minister, Ms J. Sigur?ardóttir. The first major action was the government's reorientation of foreign policy and submitting an application for EU membership, and the subsequent arrangement of the debts after the ... |
format |
Article in Journal/Newspaper |
author |
Osiński, Joachim |
author_facet |
Osiński, Joachim |
author_sort |
Osiński, Joachim |
title |
Przemiany polityczne na Islandii w warunkach kryzysu bankowego i gospodarczego |
title_short |
Przemiany polityczne na Islandii w warunkach kryzysu bankowego i gospodarczego |
title_full |
Przemiany polityczne na Islandii w warunkach kryzysu bankowego i gospodarczego |
title_fullStr |
Przemiany polityczne na Islandii w warunkach kryzysu bankowego i gospodarczego |
title_full_unstemmed |
Przemiany polityczne na Islandii w warunkach kryzysu bankowego i gospodarczego |
title_sort |
przemiany polityczne na islandii w warunkach kryzysu bankowego i gospodarczego |
publisher |
Oficyna Wydawnicza SGH |
publishDate |
2011 |
url |
https://econjournals.sgh.waw.pl/kwes/article/view/150 https://doi.org/10.33119/KKESSiP.2011.1.1 |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
Kwartalnik Kolegium Ekonomiczno-Społecznego. Studia i Prace; No 1 (2011); 14-45 Kwartalnik Kolegium Ekonomiczno-Społecznego. Studia i Prace; Nr 1 (2011); 14-45 2082-0976 |
op_relation |
https://econjournals.sgh.waw.pl/kwes/article/view/150/135 https://econjournals.sgh.waw.pl/kwes/article/view/150 doi:10.33119/KKESSiP.2011.1.1 |
op_rights |
Copyright (c) 2011 Oficyna wydawnicza SGH https://creativecommons.org/licenses/by/4.0 |
op_rightsnorm |
CC-BY |
op_doi |
https://doi.org/10.33119/KKESSiP.2011.1.1 |
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Kwartalnik Kolegium Ekonomiczno-Społecznego. Studia i Prace |
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1 |
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14 |
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45 |
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