''Bankastræti núll'' ('0 Bank Street') is a collection of twenty-five essays about the 2008–11 Icelandic financial crisis by Einar Már Guðmundsson. It takes its name from the euphemistic name of old public toilets at the end of

Bankastræti Bankastræti (, ) is a street in Reykjavík's city centre which runs from the west ends of Laugavegur (Reykjavík), Laugavegur and Skólavörðustígur to the intersection at Lækjartorg. It has, since the nineteenth century, been one of the main ...

Reykjavík Reykjavík is the Capital city, capital and largest city in Iceland. It is located in southwestern Iceland on the southern shore of Faxaflói, the Faxaflói Bay. With a latitude of 64°08′ N, the city is List of northernmost items, the worl ...

, which Einar Már presents as a metaphor for the

banking sector A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

generally. In the assessment of Alda Kravic,

although digressive and playful, 'Bankastræti Núll' remains an earnest effort to retrieve lost connections between past and present, politics and poetry, prosperity and poverty. Iceland’s economic collapse was not an isolated event but part of a global system that now binds Iceland and Haiti closer together as captives of the IMF. Moreover, the persistent division between the sciences and the arts and an ever-increasing specialisation of labour only heightens our sense of fragmentation and alienation.

Translations

* Chapter 11, 'Lærisveinar Miltons Friedman', has been translated into English as 'Disciples of Milton Friedman' by Alda Kravic.Alda Kravec, 'High Streets And Piss Pots: An introduction to Einar Már Guðmundsson’s new book ‘Bankastræti Núll’', ''The Reykjavík Grapevine'' (August 12, 2011), http://grapevine.is/culture/art/2011/08/12/high-streets-and-piss-pots/. * Another chapter was translated as 'The Storyteller', ''Iceland Review'', 50 (2) (2012), 26–29.
Passages from the book
mixed with others published in Einar Már's '' Hvíta bókin'', appear in Einar Már Guðmundsson, 'Prologue: Some Poetic Thoughts Concerning Meltdown', in ''Gambling Debt: Iceland’s Rise and Fall in the Global Economy'', ed. by E. Paul Durrenberger and Gisli Palsson (Boulder: University Press of Colorado, 2015), pp. xxxi-xlii. DOI: 10.5876/9781607323358.c000. * The book has been translated into Danish as ''Bankstræde nr. 0'', trans. by Erik Skyum-Nielsen (Copenhagen: Information, 2011).

References

Economy of Iceland * 2011 non-fiction books {{finance-book-stub