The Return of Trust? : Institutions and the Public after the Icelandic Financial Crisis.

Intro -- THE RETURN OF TRUST? INSTITUTIONS AND THE PUBLIC AFTER THE ICELANDIC FINANCIAL CRISIS -- Contents -- Foreword -- Editors' Introduction -- Part I: The Situation -- Chapter 1: Restoring Confidence in the Aftermath of Iceland's Financial Crisis -- Introduction -- Collaboration with International Institutions -- The IMF Programme -- EU Membership -- The Icesave Dispute -- Internal Matters -- The Special Investigation Commission -- A New Constitution -- Bankers Go To Jail -- Monetary and Fiscal Policies -- Monetary Policy -- Fiscal Policy -- Concluding Comments -- Acknowledgements -- References -- Chapter 2: Discursive Control Using Emotion and Economics During a Financial Crisis -- Introduction -- Using the Concept of Focussed Discourse in CDA -- A Model of the Development of Focussed Public Discourse -- Icelandic Banking and the Danish Challenge of 2006 -- Method -- Analytical Approach and Results -- Illustrating and Analysing the Networks -- Measures Used for Quantitative Analysis -- Results -- Discussion: Implications for Citizen Understanding During a Crisis -- Conclusion -- Acknowledgements -- References -- Chapter 3: Public Trust in Institutions in Pre- and Post-Crisis Iceland (I): Take the Lift Down, But Use the Stairs Up -- Introduction -- Data and Methodology -- Development of Trust: An Overview -- Trust in Elected Representatives -- Overview (see Fig. 2) -- Details -- Trust in the Financial Sector -- Trust in Law-Enforcement Agencies -- Trust in Social Service Organisations: National Church, Higher Education and the Health Care System -- Conclusions -- Acknowledgements -- References -- Chapter 4: Trust: Some Questions from a Layperson -- Part II: Responses -- Chapter 5: 'Not Just Crying About the Money': Iceland and Globalisation During Boom and Crisis -- Introduction.

Iceland's Economic Boom as an Economy of Trust and Collectiveness -- The Production of Ignorance -- The Economic Crash as a Breakdown of Trust -- Politics, Globalisation, the Panama Papers and Trust -- Discussion and Conclusion -- References -- Chapter 6: Restoring Trust in Iceland: Iceland's IMF Programme -- Introduction -- Heterodox Policies -- Capital Controls -- Banking Policy -- Icesave Dispute -- Fiscal Consolidation -- Insolvency Framework -- How Successful was the IMF Programme? -- References -- Chapter 7: A Question of Trust: The Story of ­Reykjavík Energy -- Trust and Credibility -- Reykjavík Energy -- Loss of Trust -- Reykjavík Energy in the Financial Crisis -- Challenges Follow -- Report of the Evaluation Committee on the Position of Reykjavík Energy -- In Every Challenge an Opportunity Arises -- The Plan -- Strategy and Values -- Unbundling -- Spotlight -- 'Steer into the Future' -- Acknowledgements -- References -- Chapter 8: Public Trust in Institutions in Pre- and Post-Crisis Iceland (II): Institutionalised Mistrust -- Introduction -- Public Accountability and Public Trust in International Academic Research -- Icelandic Research on Trust and Accountability -- Discussion: Institutionalised Mistrust and Adding Insult to Injury -- Adding Insult to Injury -- Conclusions -- References -- Part III: Moving Forward -- Chapter 9: Have Icelanders Learned Their Lesson? The Investigation of the Icelandic Collapse and its Aftermath -- Introduction -- Part I -- Part II -- References -- Chapter 10: Trust and Financial Services: The Impact of Increasing Digitalisation and the Financial Crisis -- Introduction -- Trust and its Impact in the Context of Financial Decision Making -- Current Trends in Financial Services -- Crowd Investing (Oehler, 2016b -- Wendt, 2016a, 2016b) -- Social Trading (Oehler et al., 2016a) -- Robo-Advice (Oehler, 2016a.

Oehler, Horn, &amp -- Wendt, 2016c) -- How to Establish Trust in Digitalised Financial Services? -- Information about Financial Products and Services (Oehler &amp -- Wendt, 2017) -- Data Protection and Privacy (Oehler, 2016a) -- Liability (Oehler &amp -- Wendt, 2017) -- Conclusions -- References -- Chapter 11: Post-Crisis Regulation and Supervision of Icelandic Banks -- Introduction -- Changes in Regulation and Supervision since the Crisis -- Global Reform of Prudential Requirements -- Further Domestic Reforms -- Forward-Looking and Risk-Based Supervision -- The Current State of the Icelandic Banks -- Criminal Charges and Sentences -- Trust is Returning, Albeit Slowly -- Conclusion -- References -- Chapter 12: Restoring Trust Through Improved ­Corporate Governance and Adherence to Gender Quotas -- Introduction -- Interviews -- Gender Diversity in Iceland and Within the Corporate Board -- The Consequences of the Financial Crisis in 2008 for Boards -- The Shift in View: Practices and Procedures in Financial Sector Boards -- Corporate Governance Codes -- Development of Independence and Gender Diversity Corporate Governance Codes -- Changes in Legislation -- Gender Quotas - Law 13/2010 and Its Perceived Effects -- Final Words and Reflection -- References -- Chapter 13: Governance Mechanisms Post-Crisis -- About the Authors -- Index.

This book examines the efforts of major Icelandic economic institutions to regain the public's trust, 10 years after the financial crisis that ruined personal savings and fostered anger towards business and politics. The studies collected here provide insights into restoring relationships between communities and institutions.

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Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2024. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.