Iceland and the International Financial Crisis: Boom, Bust and Recovery

Description:

In the years leading up to the Crash of 2008, Iceland had been triumphed in world business media as an economic miracle. Its new breed of Viking Capitalism had become rock stars of the global finance driven economy, even while it was testing the foundations of Europe's financial system.
Eirikur Bergmann applies Postcolonial analysis to explain the paradigmatic case of Iceland's fantastical boom, bust and rapid recovery after the Crash. His critical approach to the claims of the financialization advocates relates the questions of the national economy and globalisation to current trends in Europe and the World.

Contents:

Introduction – Boom, Bust and Recovery

Part I: Rise snd Shine
1. Birth of a Nation – a Postcolonical Project
2. Coming of Age – Economic History
3. The Independent State – Foreign Relations

Part II: Boom and Bust
4. The Nordic Tiger – Imagined Economic Miracle
5. Hot Air – Living on the Edge
6. The Crash – Collapse of the Cross Border Banks

Part III: Revolution and Recovery
7. Pots-and-Pans Revolution – and Defiance Abroad
8. Rising from the Ruins – Fragile Economic Recovery
9. Reconstituting Iceland – and the New Critical Order

Conclusion and Final Remarks