Iceland's Financial Crisis in 2008. Political, Economic and Social Consequences
The author analyzes the successful strategy of overcoming financial breakdown in the case study of Iceland. The aim of the article is to verify a hypothesis that the Icelandic model could become a panacea for future crises? A document analysis method is applied to present essential indicators such a...
Published in: | International Studies. Interdisciplinary Political and Cultural Journal |
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Language: | English |
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Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
2017
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Online Access: | https://doi.org/10.1515/ipcj-2017-0020 https://bibliotekanauki.pl/articles/648547.pdf https://bibliotekanauki.pl/articles/648547 |
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fttriple:oai:gotriple.eu:oai:bibliotekanauki.pl:648547 2023-05-15T16:49:51+02:00 Iceland's Financial Crisis in 2008. Political, Economic and Social Consequences Legutko, Agnieszka Joanna 2017-01-01 https://doi.org/10.1515/ipcj-2017-0020 https://bibliotekanauki.pl/articles/648547.pdf https://bibliotekanauki.pl/articles/648547 en eng Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego doi:10.1515/ipcj-2017-0020 https://bibliotekanauki.pl/articles/648547.pdf https://bibliotekanauki.pl/articles/648547 lic_creative-commons International Studies. Interdisciplinary Political and Cultural Journal; 2017, 20, 1; 113-130 1641-4233 2300-8695 stat scipo Journal Article https://vocabularies.coar-repositories.org/resource_types/c_6501/ 2017 fttriple https://doi.org/10.1515/ipcj-2017-0020 2023-01-22T18:23:07Z The author analyzes the successful strategy of overcoming financial breakdown in the case study of Iceland. The aim of the article is to verify a hypothesis that the Icelandic model could become a panacea for future crises? A document analysis method is applied to present essential indicators such as GDP and trade balance. With the use of a source analysis method, the collapse of the financial sector is determined as the main cause of the slump. The systematization of crisis events is introduced and deepened by the social and political situation. Changes in the state’s condition after the crash are provided and future forecasts about economic development are discussed. As a summing up, the author disapproves of the hypothesis that the Icelandic model of overcoming the financial breakdown as a panacea for future crises, pointing out that it is only applicable for specific cases and cannot be seen as a magical remedy for every kind of crisis. Article in Journal/Newspaper Iceland Unknown International Studies. Interdisciplinary Political and Cultural Journal 20 1 113 130 |
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stat scipo Legutko, Agnieszka Joanna Iceland's Financial Crisis in 2008. Political, Economic and Social Consequences |
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stat scipo |
description |
The author analyzes the successful strategy of overcoming financial breakdown in the case study of Iceland. The aim of the article is to verify a hypothesis that the Icelandic model could become a panacea for future crises? A document analysis method is applied to present essential indicators such as GDP and trade balance. With the use of a source analysis method, the collapse of the financial sector is determined as the main cause of the slump. The systematization of crisis events is introduced and deepened by the social and political situation. Changes in the state’s condition after the crash are provided and future forecasts about economic development are discussed. As a summing up, the author disapproves of the hypothesis that the Icelandic model of overcoming the financial breakdown as a panacea for future crises, pointing out that it is only applicable for specific cases and cannot be seen as a magical remedy for every kind of crisis. |
format |
Article in Journal/Newspaper |
author |
Legutko, Agnieszka Joanna |
author_facet |
Legutko, Agnieszka Joanna |
author_sort |
Legutko, Agnieszka Joanna |
title |
Iceland's Financial Crisis in 2008. Political, Economic and Social Consequences |
title_short |
Iceland's Financial Crisis in 2008. Political, Economic and Social Consequences |
title_full |
Iceland's Financial Crisis in 2008. Political, Economic and Social Consequences |
title_fullStr |
Iceland's Financial Crisis in 2008. Political, Economic and Social Consequences |
title_full_unstemmed |
Iceland's Financial Crisis in 2008. Political, Economic and Social Consequences |
title_sort |
iceland's financial crisis in 2008. political, economic and social consequences |
publisher |
Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego |
publishDate |
2017 |
url |
https://doi.org/10.1515/ipcj-2017-0020 https://bibliotekanauki.pl/articles/648547.pdf https://bibliotekanauki.pl/articles/648547 |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
International Studies. Interdisciplinary Political and Cultural Journal; 2017, 20, 1; 113-130 1641-4233 2300-8695 |
op_relation |
doi:10.1515/ipcj-2017-0020 https://bibliotekanauki.pl/articles/648547.pdf https://bibliotekanauki.pl/articles/648547 |
op_rights |
lic_creative-commons |
op_doi |
https://doi.org/10.1515/ipcj-2017-0020 |
container_title |
International Studies. Interdisciplinary Political and Cultural Journal |
container_volume |
20 |
container_issue |
1 |
container_start_page |
113 |
op_container_end_page |
130 |
_version_ |
1766040026443939840 |