Iceland's (2008) and Argentina's (2001) crises: Are there any similarities?

Autores
Gunnlaugsson, Helgi; del Acebo Ibañez, Enrique
Año de publicación
2011
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
Ever since the dreadful days in October of 2008, when the Icelandic financial system collapsed, questions about the failure have dominated the public debate in Iceland. To many local observers this still remains a mystery, because the three largest banks apparently were all well financed in the summer of 2008, and then suddenly went bankrupt in the fall. How could this happen and why? A detailed answer to this urgent question was expected to be answered in a report by an Icelandic parliamentary commission published in mid-April of 2010. The commission was set up in December of 2008 by the Icelandic parliament and was charged with investigating the causes of the banking collapse and identifying those individuals responsible, in either pursuing financial wrongdoing, or allowing it to happen under their supervision. The report was originally expected to be out in November of 2009, but was repeatedly postponed. This delay created enormous pressure and public speculations, about what might be expected in the report. In the paper some of the commission´s findings will be presented and evaluated, by giving insights to both global and local circumstances, which eventually might have led to the Icelandic demise. The findings will also be compared to the banking crisis in Argentina (2001), to seek whether any similarities can be detected to the Icelandic experience.
Fil: Gunnlaugsson, Helgi. University of Iceland; Islandia
Fil: del Acebo Ibañez, Enrique. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad de Buenos Aires. Facultad de Ciencias Económicas; Argentina. Universidad del Salvador; Argentina
Materia
BANKING COLLAPSE
PARLIAMENTARY COMMISSION
NEO-LIBERALISM
GOVERNMENT
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
Repositorio
CONICET Digital (CONICET)
Institución
Consejo Nacional de Investigaciones Científicas y Técnicas
OAI Identificador
oai:ri.conicet.gov.ar:11336/237269

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spelling Iceland's (2008) and Argentina's (2001) crises: Are there any similarities?Gunnlaugsson, Helgidel Acebo Ibañez, EnriqueBANKING COLLAPSEPARLIAMENTARY COMMISSIONNEO-LIBERALISMGOVERNMENThttps://purl.org/becyt/ford/5.4https://purl.org/becyt/ford/5Ever since the dreadful days in October of 2008, when the Icelandic financial system collapsed, questions about the failure have dominated the public debate in Iceland. To many local observers this still remains a mystery, because the three largest banks apparently were all well financed in the summer of 2008, and then suddenly went bankrupt in the fall. How could this happen and why? A detailed answer to this urgent question was expected to be answered in a report by an Icelandic parliamentary commission published in mid-April of 2010. The commission was set up in December of 2008 by the Icelandic parliament and was charged with investigating the causes of the banking collapse and identifying those individuals responsible, in either pursuing financial wrongdoing, or allowing it to happen under their supervision. The report was originally expected to be out in November of 2009, but was repeatedly postponed. This delay created enormous pressure and public speculations, about what might be expected in the report. In the paper some of the commission´s findings will be presented and evaluated, by giving insights to both global and local circumstances, which eventually might have led to the Icelandic demise. The findings will also be compared to the banking crisis in Argentina (2001), to seek whether any similarities can be detected to the Icelandic experience.Fil: Gunnlaugsson, Helgi. University of Iceland; IslandiaFil: del Acebo Ibañez, Enrique. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad de Buenos Aires. Facultad de Ciencias Económicas; Argentina. Universidad del Salvador; ArgentinaFundación de Altos Estudios Antárticos y Ambientes Extremos2011-08info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/mswordapplication/pdfhttp://hdl.handle.net/11336/237269Gunnlaugsson, Helgi; del Acebo Ibañez, Enrique; Iceland's (2008) and Argentina's (2001) crises: Are there any similarities?; Fundación de Altos Estudios Antárticos y Ambientes Extremos; Arctic & Antarctic; 5; 8-2011; 51-621851-4685CONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/url/https://iacsi.hi.is/issues/2011_volume_5/2_article_vol_5.pdfinfo:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-sa/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-09-29T09:36:17Zoai:ri.conicet.gov.ar:11336/237269instacron:CONICETInstitucionalhttp://ri.conicet.gov.ar/Organismo científico-tecnológicoNo correspondehttp://ri.conicet.gov.ar/oai/requestdasensio@conicet.gov.ar; lcarlino@conicet.gov.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:34982025-09-29 09:36:17.944CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse
dc.title.none.fl_str_mv Iceland's (2008) and Argentina's (2001) crises: Are there any similarities?
title Iceland's (2008) and Argentina's (2001) crises: Are there any similarities?
spellingShingle Iceland's (2008) and Argentina's (2001) crises: Are there any similarities?
Gunnlaugsson, Helgi
BANKING COLLAPSE
PARLIAMENTARY COMMISSION
NEO-LIBERALISM
GOVERNMENT
title_short Iceland's (2008) and Argentina's (2001) crises: Are there any similarities?
title_full Iceland's (2008) and Argentina's (2001) crises: Are there any similarities?
title_fullStr Iceland's (2008) and Argentina's (2001) crises: Are there any similarities?
title_full_unstemmed Iceland's (2008) and Argentina's (2001) crises: Are there any similarities?
title_sort Iceland's (2008) and Argentina's (2001) crises: Are there any similarities?
dc.creator.none.fl_str_mv Gunnlaugsson, Helgi
del Acebo Ibañez, Enrique
author Gunnlaugsson, Helgi
author_facet Gunnlaugsson, Helgi
del Acebo Ibañez, Enrique
author_role author
author2 del Acebo Ibañez, Enrique
author2_role author
dc.subject.none.fl_str_mv BANKING COLLAPSE
PARLIAMENTARY COMMISSION
NEO-LIBERALISM
GOVERNMENT
topic BANKING COLLAPSE
PARLIAMENTARY COMMISSION
NEO-LIBERALISM
GOVERNMENT
purl_subject.fl_str_mv https://purl.org/becyt/ford/5.4
https://purl.org/becyt/ford/5
dc.description.none.fl_txt_mv Ever since the dreadful days in October of 2008, when the Icelandic financial system collapsed, questions about the failure have dominated the public debate in Iceland. To many local observers this still remains a mystery, because the three largest banks apparently were all well financed in the summer of 2008, and then suddenly went bankrupt in the fall. How could this happen and why? A detailed answer to this urgent question was expected to be answered in a report by an Icelandic parliamentary commission published in mid-April of 2010. The commission was set up in December of 2008 by the Icelandic parliament and was charged with investigating the causes of the banking collapse and identifying those individuals responsible, in either pursuing financial wrongdoing, or allowing it to happen under their supervision. The report was originally expected to be out in November of 2009, but was repeatedly postponed. This delay created enormous pressure and public speculations, about what might be expected in the report. In the paper some of the commission´s findings will be presented and evaluated, by giving insights to both global and local circumstances, which eventually might have led to the Icelandic demise. The findings will also be compared to the banking crisis in Argentina (2001), to seek whether any similarities can be detected to the Icelandic experience.
Fil: Gunnlaugsson, Helgi. University of Iceland; Islandia
Fil: del Acebo Ibañez, Enrique. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad de Buenos Aires. Facultad de Ciencias Económicas; Argentina. Universidad del Salvador; Argentina
description Ever since the dreadful days in October of 2008, when the Icelandic financial system collapsed, questions about the failure have dominated the public debate in Iceland. To many local observers this still remains a mystery, because the three largest banks apparently were all well financed in the summer of 2008, and then suddenly went bankrupt in the fall. How could this happen and why? A detailed answer to this urgent question was expected to be answered in a report by an Icelandic parliamentary commission published in mid-April of 2010. The commission was set up in December of 2008 by the Icelandic parliament and was charged with investigating the causes of the banking collapse and identifying those individuals responsible, in either pursuing financial wrongdoing, or allowing it to happen under their supervision. The report was originally expected to be out in November of 2009, but was repeatedly postponed. This delay created enormous pressure and public speculations, about what might be expected in the report. In the paper some of the commission´s findings will be presented and evaluated, by giving insights to both global and local circumstances, which eventually might have led to the Icelandic demise. The findings will also be compared to the banking crisis in Argentina (2001), to seek whether any similarities can be detected to the Icelandic experience.
publishDate 2011
dc.date.none.fl_str_mv 2011-08
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/11336/237269
Gunnlaugsson, Helgi; del Acebo Ibañez, Enrique; Iceland's (2008) and Argentina's (2001) crises: Are there any similarities?; Fundación de Altos Estudios Antárticos y Ambientes Extremos; Arctic & Antarctic; 5; 8-2011; 51-62
1851-4685
CONICET Digital
CONICET
url http://hdl.handle.net/11336/237269
identifier_str_mv Gunnlaugsson, Helgi; del Acebo Ibañez, Enrique; Iceland's (2008) and Argentina's (2001) crises: Are there any similarities?; Fundación de Altos Estudios Antárticos y Ambientes Extremos; Arctic & Antarctic; 5; 8-2011; 51-62
1851-4685
CONICET Digital
CONICET
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/url/https://iacsi.hi.is/issues/2011_volume_5/2_article_vol_5.pdf
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
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application/msword
application/pdf
dc.publisher.none.fl_str_mv Fundación de Altos Estudios Antárticos y Ambientes Extremos
publisher.none.fl_str_mv Fundación de Altos Estudios Antárticos y Ambientes Extremos
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instname:Consejo Nacional de Investigaciones Científicas y Técnicas
reponame_str CONICET Digital (CONICET)
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instname_str Consejo Nacional de Investigaciones Científicas y Técnicas
repository.name.fl_str_mv CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicas
repository.mail.fl_str_mv dasensio@conicet.gov.ar; lcarlino@conicet.gov.ar
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