Read e-book online Bringing Down the Banking System: Lessons from Iceland PDF

By G. Johnsen

The mixed cave in of Iceland's 3 greatest banks in 2008 is the 3rd biggest financial ruin in background and the most important banking approach cave in suffered through any kingdom in smooth financial background, relative to GDP. How may tiny Iceland construct a banking procedure in under a decade that proportionally handed Switzerland's? Why did the bankers choose to develop the approach so speedy? How did companies tunnel cash out of the banking procedure? And why did not anyone cease them? Bringing Down the Banking System solutions those questions. Gudrun Johnsen, Senior Researcher with Iceland's designated research fee, tells the riveting tale of the increase and fall of the Icelandic banking approach, describes the commission's findings at the harmful results of preserving corporation cross-ownership, and explains what we will be able to examine from it all.

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Bringing Down the Banking System: Lessons from Iceland by G. Johnsen

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