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Economic History Of Iceland
The economy history of Iceland covers the development of its economy from the Settlement of Iceland in the late 9th century until the present. The field of economic history in Iceland According to a 2011 review study by economic historian Guðmundur Jónsson, Economic history as an independent field of study is of fairly recent origin in Iceland, emerging only in the last quarter of the twentieth century with the increased specialisation and differentiation of the history profession. With no separate economic history departments and in fact, only one general university, the University of Iceland in Reykjavík, it is not surprising that economic history has largely been in the hands of either historians educated within the broad church of history, non-professionals or scholars outside the history profession. Only in the last twenty years or so have specialist economic historians, educated abroad, entered the field and turned the subject into a distinct discipline. Pre-18th centu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GDP Per Capita Development In Northern Europa
Gross domestic product (GDP) is a money, monetary Measurement in economics, measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performance of a country or region. Several national and international economic organizations maintain definitions of GDP, such as the OECD and the International Monetary Fund. GDP is often used as a metric for international comparisons as well as a Broad measures of economic progress, broad measure of economic progress. It is often considered to be the world's most powerful statistical indicator of national development and progress. The GDP can be divided by the total population to obtain the average List of countries by GDP (nominal) per capita, GDP per capita. Total GDP can also be broken down into the contribution of each industry or sector of the economy. Nominal GDP is useful when comparing national economies on th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Democratic Party (Iceland)
The Social Democratic Party () was a social-democratic political party in Iceland. It was founded in 1916, as the political representation of the trade unions of Iceland. History In 1920, its first member of the Althing, the Icelandic parliament, Jón Baldvinsson was elected. The party would contest elections to the Althing with little success until 1934, when the party obtained 10 parliamentary seats. Iceland shifted towards a proportional representation system later that year which political scientist Amel Ahmed attributes to the rising electoral threat that the Social Democratic Party posed to the Independence Party and Progressive Party. Between 1926 and 1940, the party was a member of the Labour and Socialist International.Kowalski, Werner (1985)''Geschichte der sozialistischen arbeiter-internationale: 1923–1919'' Berlin: Dt. Verl. d. Wissenschaften (in German). The party led the government of Iceland three times, first in 1947–1949 under Stefán Jóhann St ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic History Of Iceland
The economy history of Iceland covers the development of its economy from the Settlement of Iceland in the late 9th century until the present. The field of economic history in Iceland According to a 2011 review study by economic historian Guðmundur Jónsson, Economic history as an independent field of study is of fairly recent origin in Iceland, emerging only in the last quarter of the twentieth century with the increased specialisation and differentiation of the history profession. With no separate economic history departments and in fact, only one general university, the University of Iceland in Reykjavík, it is not surprising that economic history has largely been in the hands of either historians educated within the broad church of history, non-professionals or scholars outside the history profession. Only in the last twenty years or so have specialist economic historians, educated abroad, entered the field and turned the subject into a distinct discipline. Pre-18th centu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Danish Krone
The krone (; plural: ''kroner''; sign: kr.; code: DKK) is the official currency of Denmark, Greenland, and the Faroe Islands, introduced on 1 January 1875. Both the ISO code "DKK" and currency sign "kr." are in common use; the former precedes the value, the latter in some contexts follows it. The currency is sometimes referred to as the Danish crown in English, since ''krone'' literally means crown. Krone coins have been minted in Denmark since the 17th century. One krone is subdivided into 100 ''øre'' (; singular and plural), the name ''øre'' is probably derived from the Latin word for gold. Altogether there are ten denominations of the krone, with the smallest being the 50 øre coin (one half of a krone). Formerly there were more øre coins, but those were discontinued due to inflation. The krone is pegged to the euro via the ERM II, the European Union's exchange rate mechanism. Adoption of the euro is favoured by some of the major political parties; however, a 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Faroe Islands
The Faroe Islands ( ) (alt. the Faroes) are an archipelago in the North Atlantic Ocean and an autonomous territory of the Danish Realm, Kingdom of Denmark. Located between Iceland, Norway, and the United Kingdom, the islands have a population of 54,609 and a land area of 1,393 km². The official language is Faroese language, Faroese, which is partially mutually intelligible with Icelandic language, Icelandic. The terrain is rugged, dominated by fjords and cliffs with sparse vegetation and few trees. As a result of its proximity to the Arctic Circle, the islands experience perpetual Twilight, civil twilight during summer nights and very short winter days; nevertheless, they experience a Oceanic climate#Subpolar variety (Cfc, Cwc), subpolar oceanic climate and mild temperatures year-round due to the Gulf Stream. The capital, Tórshavn, receives the fewest recorded hours of sunshine of any city in the world at only 840 per year. Færeyinga saga, Færeyinga Saga and the writin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Icesave Dispute
The Icesave dispute was a diplomatic dispute among Iceland, the Netherlands and the United Kingdom. It began after the privately owned Icelandic bank Landsbanki was placed in receivership on 7 October 2008. As Landsbanki was one of three systemically important financial institutions in Iceland to go bankrupt within a few days, the Icelandic Depositors' and Investors' Guarantee Fund () had no remaining funds to make good on deposit guarantees to foreign Landsbanki depositors, who held savings in the Icesave branch of the bank. History When Landsbanki was placed into receivership by the Icelandic Financial Supervisory Authority (FME), 343,306 retail depositors in the UK and Netherlands that held accounts in the "Icesave" branch of Landsbanki lost a total of €6.7 bn of savings. Because no immediate repayment was expected by any Icelandic institutions, the Dutch and British national deposit guarantee schemes covered repayment up to the maximum limit for the national dep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kaupthing Bank
Kaupthing Bank (, ) was a major international Icelandic bank, headquartered in Reykjavík, Iceland. It was taken over by the Icelandic government during the 2008–2011 Icelandic financial crisis and the domestic Icelandic-based operations were spun into a new bank ''New Kaupthing'', which was subsequently renamed Arion banki, Arion Banki. All the non-Icelandic assets and debts remained with the now defunct Kaupthing Bank. Prior to its collapse, it also allegedly loaned money to various parties with the purpose of buying Kaupthing shares. Prior to its collapse, Kaupthing Bank operated in thirteen countries, including all the Nordic countries, the Netherlands, Belgium, Luxembourg, Switzerland, the United Kingdom and the United States. It was the seventh-largest bank in the Nordic Region, Nordic countries in terms of market capitalization. The bank had employed over 3,300 people with 36 retail Branch (banking), branches in Iceland. As of 31 December 2007, the bank had a total asse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Landsbanki
Landsbanki (, ), also commonly known as Landsbankinn (, ) was one of the largest Icelandic commercial banks; it failed as part of the 2008–2011 Icelandic financial crisis when its subsidiary sparked the Icesave dispute. On October 7, 2008, the Icelandic Financial Supervisory Authority took control of Landsbanki and created a new bank for all the domestic operations called Nýi Landsbanki (New Landsbanki) and the bank continued to operate under the same name.The Financial Supervisory Authority - Iceland, ''News: Based on New Legislation, the Icelandic Financial Supervisory Authority (IFSA) Proceeds to take Control of L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Glitnir (bank)
Glitnir was an international Icelandic bank. It was created by the state-directed merger of the country's three privately held banks - ''Alþýðubanki'' (Union Bank), ''Verzlunarbanki'' (Bank of Commerce) and ''Iðnaðarbanki'' (Industrial Bank) - and one failing publicly held bank - ''Útvegsbanki'' (Fisheries Bank) - to form ''Íslandsbanki'' in 1990. At the time, ''Íslandsbanki'' was the only major privately held commercial bank in Iceland. It was publicly listed on the Iceland Stock Exchange, in 1993. ''Íslandsbanki'' subsequently merged with FBA Icelandic Investment Bank in 2000. On 20 February 2009, in light of the Icelandic financial crisis, the bank's name was changed back to the original Íslandsbanki. By 15 October 2009, it was decided that 95% of the new Íslandsbanki would be taken over by the creditors of Old Glitnir, while the government of Iceland would retain ownership of the remaining 5%. Ownership A third of the company was owned by Stodir. A large share ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Iceland Bonds
Iceland is a Nordic island country between the North Atlantic and Arctic Oceans, on the Mid-Atlantic Ridge between North America and Europe. It is culturally and politically linked with Europe and is the region's westernmost and most sparsely populated country. Its capital and largest city is Reykjavík, which is home to about 36% of the country's roughly 380,000 residents (excluding nearby towns/suburbs, which are separate municipalities). The official language of the country is Icelandic. Iceland is on a rift between tectonic plates, and its geologic activity includes geysers and frequent volcanic eruptions. The interior consists of a volcanic plateau with sand and lava fields, mountains and glaciers, and many glacial rivers flow to the sea through the lowlands. Iceland is warmed by the Gulf Stream and has a temperate climate, despite being a latitude just south of the Arctic Circle. Its latitude and marine influence keep summers chilly, and most of its islands have a pola ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Age
''The Age'' is a daily newspaper in Melbourne, Australia, that has been published since 1854. Owned and published by Nine Entertainment, ''The Age'' primarily serves Victoria (Australia), Victoria, but copies also sell in Tasmania, the Australian Capital Territory and border regions of South Australia and southern New South Wales. It is delivered both in print and digital formats. The newspaper shares some articles with its sister paper ''The Sydney Morning Herald''. ''The Age'' is considered a newspaper of record for Australia, and has variously been known for its investigative reporting, with its journalists having won dozens of Walkley Awards, Australia's most prestigious journalism prize. , ''The Age'' had a monthly readership of 5.4 million. , this had fallen to 4.55 million. History Foundation ''The Age'' was founded by three Melbourne businessmen: brothers John and Henry Cooke (who had arrived from New Zealand in the 1840s) and Walter Powell. The first editi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
