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Introduction

In: The Icelandic Financial Crisis

Author

Listed:
  • Ásgeir Jónsson

    (University of Iceland)

  • Hersir Sigurgeirsson

    (University of Iceland)

Abstract

At 8 a.m. on October 27, 2011, the brand new Reykjavík Concert Hall and Conference Centre, Harpa, received a steady stream of formally attired dignitaries, both national and foreign. They were attending a conference presented jointly by the Icelandic government and the International Monetary Fund (IMF): “Iceland’s Recovery – Lessons and Challenges.” An impressive panel of speakers had assembled, including Nobel laureates Paul Krugman and Joseph Stiglitz, Willem Buiter, chief economist of Citigroup, and various ministers representing Iceland’s government. As often had been the case in Iceland over the past several years, the event also attracted a throng of protesters, who waved picket signs denouncing the IMF, the local government, or the general conclusion that three years after an epic collapse, Iceland was now an example of successful economic rehabilitation. As this was an international conference, the crowd had written out their slogans in English.

Suggested Citation

  • Ásgeir Jónsson & Hersir Sigurgeirsson, 2016. "Introduction," Palgrave Macmillan Studies in Banking and Financial Institutions, in: The Icelandic Financial Crisis, chapter 1, pages 1-33, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-1-137-39455-2_1
    DOI: 10.1057/978-1-137-39455-2_1
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