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Ebook Bringing Down the Banking System: Lessons from Iceland by Guðrún Johnsen read! Book Title: Bringing Down the Banking System: Lessons from Iceland
The author of the book: Guðrún Johnsen
Edition: Palgrave Macmillan
Date of issue: January 9th 2014
ISBN: 113735819X
ISBN 13: 9781137358196
Language: English
Format files: PDF
The size of the: 984 KB
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Reader ratings: 4.1

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The combined collapse of Iceland's three largest banks in 2008 is the third largest bankruptcy in history and the largest banking system collapse suffered by any country in modern economic history, relative to GDP. How could tiny Iceland build a banking system in less than a decade that proportionally exceeded Switzerland's? Why did the bankers decide to grow the system so fast? How did businesses tunnel money out of the banking system? And why didn't anybody stop them? Bringing Down the Banking System answers these questions. Gudrun Johnsen, Senior Researcher with Iceland's Special Investigation Commission, tells the riveting story of the rise and fall of the Icelandic banking system, describes the commission's findings on the damaging effects of holding company cross-ownership, and explains what we can learn from it all.


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Reviews of the Bringing Down the Banking System: Lessons from Iceland


HARVEY

I recommend it.

JOSEPH

This book is worth reading!

MILLIE

Another one-time book, but it was interesting.

MASON

Just a terrific book.




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