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Bringing Down the Banking System

Bringing Down the Banking System

Lessons from Iceland

by G. Johnsen
Hardback
Publication Date: 09/01/2014
  $195.69
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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.<
ISBN:
9781137358196
9781137358196
Category:
Monetary economics
Format:
Hardback
Publication Date:
09-01-2014
Language:
English
Publisher:
Palgrave Macmillan
Country of origin:
United Kingdom
Pages:
243
Dimensions (mm):
216x140x20mm
Weight:
4.39kg

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