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Trust is the fundamental facilitator between actors in society, yet
the past decade has seen the public openly question through
demonstrations and elections whether business and political
institutions deserve the trust society has placed in them-or
whether the common person has been abandoned in favour of
organisations and systems that are 'too big to fail'. The tenth
anniversary of the crisis that shook financial markets in the early
years of this century provides a chance to reflect on institutions'
efforts to regain the trust lost in that debacle. It is
particularly instructive to examine the steps that financial and
governmental institutions have taken in one of the hardest-hit
economies, Iceland. Those who witnessed the crisis and its
aftermath know the wrenching effects it had on society, underscored
by scepticism toward political and economic institutions. As the
crisis spread almost worldwide, so too did the public's
disenchantment. Since Iceland was one of the first societies
affected, it has had the most time to work on and chart its
recovery. This collection addresses the broad theme of how
institutions in the small, close-knit Icelandic society have gone
about trying to recapture other institutions' and the public's
trust. Insights from these studies expand our understanding of how
institutions try to rebuild their relationships with communities in
the face of political and economic change in fractured Western
societies.
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