The A To Z Of Iceland

While Iceland is the second largest inhabited island in Europe, with only 313,000 inhabitants in 2007, the Icelanders form one of the smallest independent nations in the world. Around two-thirds of the population lives in the capital, Reykjavík, and its suburbs, while the rest is spread around the inhabitable area of the country. Until fairly recently the Icelandic nation was unusually homogeneous, both in cultural and religious terms; in 1981, around 98 percent of the nation was born in Iceland and 96 percent belonged to the Lutheran state church or other Lutheran religious sects. In 2007, these numbers were down to 89 and 86 percent respectively, reflecting the rapidly growing multicultural nature of Icelandic society. The A to Z of Iceland traces Iceland's history and provides a compass for the direction the country is heading. This is done through its chronology, introductory essays, appendixes, map, bibliography, and hundreds of cross-referenced dictionary entries on important persons, places, events, and institutions and significant political, economic, social, and cultural aspects.

While Iceland is the second largest inhabited island in Europe, with only 313,000 inhabitants in 2007, the Icelanders form one of the smallest independent nations in the world. Around two-thirds of the population lives in the capital, Reykjavík, and its suburbs, while the rest is spread around the inhabitable area of the country. Until fairly recently the Icelandic nation was unusually homogeneous, both in cultural and religious terms; in 1981, around 98 percent of the nation was born in Iceland and 96 percent belonged to the Lutheran state church or other Lutheran religious sects. In 2007, these numbers were down to 89 and 86 percent respectively, reflecting the rapidly growing multicultural nature of Icelandic society. The A to Z of Iceland traces Iceland's history and provides a compass for the direction the country is heading. This is done through its chronology, introductory essays, appendixes, map, bibliography, and hundreds of cross-referenced dictionary entries on important persons, places, events, and institutions and significant political, economic, social, and cultural aspects.

The literature of Scandinavia is amazingly rich and varied, consisting of the works produced by the countries of Denmark, Norway, Sweden, Finland and Iceland, and stretching from the ancient Norse Sagas to the present day. While much of it is unknown outside of the region, some has gained worldwide popularity, including the fairy tales of Hans Christian Andersen, the stories of Isak Dinesen, and the plays of Henrik Ibsen and August Strindberg. While including the area's most famous works, The A to Z of Scandinavian Literature and Theater also provides information on lesser known authors and currents trends, literary circles and journals, and historical background. This is accomplished through a chronology, an introductory essay, a bibliography, and several hundred cross-referenced dictionary entries, which together make this reference the most comprehensive and up to date work of its kind related to Scandinavian literature and theater available anywhere.

As late as the mid 1980s, Iceland’s economy revolved around little else than a semi-robust cod-fishing industry. By the end of the century, however, it had transformed itself into a major player in world finance, building an international banking empire worth twelve times its GDP. The tiny island nation of 300,000 was one of the global economy’s great success stories. And then everything came crashing down. Why Iceland? is the inside account of one of the economic meltdown’s most fascinating and far-reaching tragedies. As Chief Economist of Kaupthing Bank, the country’s largest bank before the collapse, Ásgeir Jónsson is perfectly suited to examine Iceland’s collapse in painstaking detail. He witnessed behind-the-scenes events firsthand, such as an intriguing meeting in January 2008 when a group of international hedge fund managers gathered in a bar in Reykjavik to discuss Iceland’s economy—an informal affair that eventually became the center of a criminal investigation by the country’s Financial Supervisory Authority. This inside account examines the pressing issues behind history’s biggest banking collapse: How did Iceland transform itself from one of Europe’s poorest to one of its wealthiest countries? What happened to cause the destruction of the nation’s banking industry during a single week of October 2008? Was it the result of a speculation “attack” by hedge funds on the nation’s currency? Iceland remains the biggest casualty of the economic downturn, and the ramifications of its catastrophic failure reach deeply into the economies of Europe, the United States, and other global markets. Ásgeir Jónsson offers a unique perspective and an expert’s insight into the rise and fall of this once-proud banking giant. Why Iceland? provides the who, what, where, and when of Iceland’s demise, serving as a fascinating read and providing the understanding necessary for forecasting when and where the aftershocks will shake up markets in other parts of the world. "Fearsome Vikings discovered Iceland. Hedge funds knocked it down. It was a humiliating tumble for the former financial powerhouse, which was proud of its status in Europe. A late bloomer, Iceland had been the last country in Europe to be settled, the Nordic nation rapidly caught up with its wealthier relations. It was all fine until October 2008, when country's banking system collapsed in a week. Written by an Icelandic economist, Why Iceland? chronicles the meltdown, in the context of the nation's history."--New York Post (A "Required Reading" Selection)

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