Viðbrögð tengslanets við gagnrýni á fjármálastöðugleika Íslands [Criticism on Financial Stability in Iceland and the Reaction of Defensive Networks]

Throstur Olaf Sigurjonsson, David Schwartzkopf, Audur Arna Arnardóttir

Research output: Contribution to journalJournal articleResearchpeer-review


Actor-network theory suggests that those responsible for the operations of a
complex system have reason to defend the idea of the system’s stability in the
face of challengers who suggest the system may have problems. One form
this defence can take is the formation of a complex social network that
makes it difficult for challengers’ claims to be reasonably considered. This
paper illustrates the formation or activation of such a network of Icelandic
bankers, analysts, politicians, academics, business executives and newspapers,
as well as their rational and emotional public arguments, in defence of the
idea of the stability of the Icelandic banking system when challenged by the
Danske Bank report of 2006. The analysis shows why it was difficult for the
Danish challenge to receive a credible hearing among the Icelandic citizenry,
Original languageIcelandic
JournalStjórnmál & Stjórnsýsla. The Icelandic Review of Politics & Administration (IRPA)
Issue number1
Pages (from-to)161-184
Number of pages24
Publication statusPublished - 2011
Externally publishedYes

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