Titlebook: Iceland and the International Financial Crisis; Boom, Bust and Recov Eirikur Bergmann Book 2014 Palgrave Macmillan, a division of Macmillan

排名真古怪

The Nordic Tiger — Imagined Economic Miracle rapidly in the 1990s with, for example, the establishment of numerous internet and bio-tec companies, which emerged as the new vehicle into the future. For a while, the newly established internet company Oz became one of the wealthiest in the country even though we were never really sure of the val

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Living on the Edge — Hot Air Flaring Up the Economy, fuelled by nationalist rhetoric. Instead of contemplating the criticism, our government responded by launching PR campaigns abroad. Any criticism of the new Icelandic financial system was viewed as threat to the entire Icelandic project, to the positioning of modern Iceland as an equal partner wit

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The Crash — Collapse of the Cross-border Banksks. Over the following three days, the entire financial system collapsed — Landsbanki on Tuesday, Glitnir on Wednesday and finally Kaupthing on Thursday. The Central Bank’s decision to acquire a controlling stake in Glitnir, as described in the previous chapter, finally tipped the scales in this ext

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The Pots and Pans Revolution — and Defiance Abroadmarket liberalization with weak public institutions and cronyist processes had proven to be a recipe for disaster. The public was in state of shock, uncertain of its economic future. This was not only a financial crisis but also a crisis of politics and a fundamental blow to our national identity, w

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造反,叛亂

Reconstituting Iceland — and the New Critical Orderccused of having sponsored the rise and collapse of the failed neoliberal model. This was a crisis of capitalism, which opened new opportunities for political reform in addition to the economic recovery discussed in previous chapter. In the wake of the crisis and the following Pots and Pans Revoluti

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Conclusions and Final Remarksinancial system, fell in three consecutive days, leaving the country in economic devastation. In the preceding years, the financial system had grow to nine times GDP, to become the crown jewel in what was commonly phrased the Icelandic economic miracle. This was the Nordic Tiger’s last roar. The equ

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Book 2014Eirikur Bergmann explains the exceptional case of Iceland‘s fantastical boom, bust and rapid recovery after the Crash of 2008 and explores the lessons for the wider EU crisis and for over-reaching economies that over-rely on financial markets.

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