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Iceland’s Financial Crisis In 2008. Political, Economic and Social Consequences

dc.contributor.authorLegutko, Agnieszka Joannaen
dc.date.accessioned2018-04-03T09:15:16Z
dc.date.available2018-04-03T09:15:16Z
dc.date.issued2017-12-29en
dc.identifier.issn1641-4233en
dc.identifier.urihttp://hdl.handle.net/11089/24337
dc.description.abstractThe 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.en
dc.publisherLodz University Pressen
dc.relation.ispartofseriesInternational Studies. Interdisciplinary Political and Cultural Journal;20en
dc.rightsThis work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.en
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0en
dc.subjectIcelanden
dc.subjectsmall state economyen
dc.subjectIcelandic crisis causesen
dc.subjectIcelandic crisis 2008en
dc.subjectIcelandic banking systemen
dc.subjectIcelandic EU accessionen
dc.titleIceland’s Financial Crisis In 2008. Political, Economic and Social Consequencesen
dc.page.number113-130en
dc.contributor.authorAffiliationCracow University of Economics, Faculty of Economics and International Relations, ul. Rakowicka 27, 31–510 Kraków, Polanden
dc.identifier.eissn2300-8695
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dc.contributor.authorEmaillegutko.a@gmail.comen
dc.identifier.doi10.1515/ipcj-2017-0020en


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