Guðrún Johnsen: Bringing Down the Banking System: Lessons from Iceland

Abstract

Considering the myths that have been spun not only on the causes of the crisis, but maybe more importantly on the democratic awakening in Icelandic society in the aftermath, it is evident that a much broader audience – especially outside Iceland – should have a keen interest in understanding the political and societal climate that facilitated the emergence of the phenomenon that has also been termed "Viking Capitalism".