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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ftunivlodzir:oai:dspace.uni.lodz.pl:11089/24337 2023-07-30T04:04:21+02:00 Iceland’s Financial Crisis In 2008. Political, Economic and Social Consequences Legutko, Agnieszka Joanna Cracow University of Economics, Faculty of Economics and International Relations, ul. Rakowicka 27, 31–510 Kraków, Poland legutko.a@gmail.com 2017-12-29 application/pdf http://hdl.handle.net/11089/24337 https://doi.org/10.1515/ipcj-2017-0020 unknown Lodz University Press International Studies. Interdisciplinary Political and Cultural Journal;20 1641-4233 http://hdl.handle.net/11089/24337 2300-8695 doi:10.1515/ipcj-2017-0020 This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. http://creativecommons.org/licenses/by-nc-nd/4.0 Iceland small state economy Icelandic crisis causes Icelandic crisis 2008 Icelandic banking system Icelandic EU accession 2017 ftunivlodzir https://doi.org/10.1515/ipcj-2017-0020 2023-07-07T06:47:51Z 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. Other/Unknown Material Iceland University of Lodz Repository (RUŁ) International Studies. Interdisciplinary Political and Cultural Journal 20 1 113 130 |
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University of Lodz Repository (RUŁ) |
op_collection_id |
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language |
unknown |
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. |
author2 |
Cracow University of Economics, Faculty of Economics and International Relations, ul. Rakowicka 27, 31–510 Kraków, Poland legutko.a@gmail.com |
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 |
Lodz University Press |
publishDate |
2017 |
url |
http://hdl.handle.net/11089/24337 https://doi.org/10.1515/ipcj-2017-0020 |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
International Studies. Interdisciplinary Political and Cultural Journal;20 1641-4233 http://hdl.handle.net/11089/24337 2300-8695 doi:10.1515/ipcj-2017-0020 |
op_rights |
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License. http://creativecommons.org/licenses/by-nc-nd/4.0 |
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_ |
1772815726268121088 |