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...
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ftunivlodzdigij:oai:digijournals.uni.lodz.pl:is-1061 2023-05-15T16:47:25+02:00 Iceland's Financial Crisis in 2008. Political, Economic and Social Consequences Legutko, Agnieszka Joanna 2018-03-09T08:00:00Z application/pdf https://digijournals.uni.lodz.pl/is/vol20/iss1/9 https://digijournals.uni.lodz.pl/cgi/viewcontent.cgi?article=1061&context=is eng eng University of Lodz Research Online https://digijournals.uni.lodz.pl/is/vol20/iss1/9 https://digijournals.uni.lodz.pl/cgi/viewcontent.cgi?article=1061&context=is International Studies: Interdisciplinary Cultural and Political Journal Iceland small state economy Icelandic crisis causes Icelandic crisis 2008 Icelandic banking system Icelandic EU accession text 2018 ftunivlodzdigij 2022-05-31T10:53:22Z 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. Text Iceland University of Lodz Research Online |
institution |
Open Polar |
collection |
University of Lodz Research Online |
op_collection_id |
ftunivlodzdigij |
language |
English |
topic |
Iceland small state economy Icelandic crisis causes Icelandic crisis 2008 Icelandic banking system Icelandic EU accession |
spellingShingle |
Iceland small state economy Icelandic crisis causes Icelandic crisis 2008 Icelandic banking system Icelandic EU accession Legutko, Agnieszka Joanna Iceland's Financial Crisis in 2008. Political, Economic and Social Consequences |
topic_facet |
Iceland small state economy Icelandic crisis causes Icelandic crisis 2008 Icelandic banking system Icelandic EU accession |
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 |
Text |
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 |
University of Lodz Research Online |
publishDate |
2018 |
url |
https://digijournals.uni.lodz.pl/is/vol20/iss1/9 https://digijournals.uni.lodz.pl/cgi/viewcontent.cgi?article=1061&context=is |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
International Studies: Interdisciplinary Cultural and Political Journal |
op_relation |
https://digijournals.uni.lodz.pl/is/vol20/iss1/9 https://digijournals.uni.lodz.pl/cgi/viewcontent.cgi?article=1061&context=is |
_version_ |
1766037503285919744 |