Abstract

http://ssrn.com/abstract=2034241
 


 



From Collapse to Constitution: The Case of Iceland


Thorvaldur Gylfason


University of Iceland - Faculty of Economics and Business Administration; Centre for Economic Policy Research (CEPR); CESifo (Center for Economic Studies and Ifo Institute)

June 2012

CESifo Working Paper Series No. 3770

Abstract:     
Most of the time, crises precede constitutions. Following a brief review of relevant historical background, this article aims to show why Iceland, after its financial collapse in 2008, is now at last on the road to adopting a new constitution to replace the provisional constitution from 1944. The aim is also to show how the constitutional bill of 2011 came into being with significant help from the general public. Further, the article outlines some of the key provisions of the bill as well as why and how it differs from the current constitution. The article concludes by offering a brief discussion of some potential obstacles to the adoption of the bill in parliament, the role of the public, and some lessons from, and for, other countries.

Number of Pages in PDF File: 45

JEL Classification: K100

working papers series


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Date posted: April 4, 2012  

Suggested Citation

Gylfason, Thorvaldur, From Collapse to Constitution: The Case of Iceland (June 2012). CESifo Working Paper Series No. 3770. Available at SSRN: http://ssrn.com/abstract=2034241

Contact Information

Thorvaldur Gylfason (Contact Author)
University of Iceland - Faculty of Economics and Business Administration ( email )
IS-101 Reykjavik
Iceland
+354 525 4533/00 (Phone)
+354 552 6806 (Fax)
HOME PAGE: http://www.hi.is/~gylfason/inenglish.htm)
Centre for Economic Policy Research (CEPR)
77 Bastwick Street
London, EC1V 3PZ
United Kingdom
CESifo (Center for Economic Studies and Ifo Institute)
Poschinger Str. 5
Munich, DE-81679
Germany
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