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

Bringing Down the Banking System: Lessons from Iceland (Paperback) (ISBN-13: 9781349471058)

Vendor: G. Johnsen
Product type: Books
Format: Paperback
$109.99
$109.99
$109.99
Subtotal: $109.99
Bringing Down the Banking System: Lessons from Iceland by Johnsen, G.

Bringing Down the Banking System: Lessons from Iceland

$109.99
Bringing Down the Banking System: Lessons from Iceland by Johnsen, G.

Bringing Down the Banking System: Lessons from Iceland

$109.99
Format: Paperback
Description
Description
x
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.

Author: G. Johnsen
ISBN-10: 1349471054
ISBN-13: 9781349471058
Publisher: Palgrave MacMillan
Language: English
Published: 11/28/2015
Pages: 243
Format: Paperback
Weight: 0.69lbs
Size: 8.50h x 5.50w x 0.56d
By G. Johnsen
By G. Johnsen
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Gudrun Johnsen is Vice Chairman of the Board of Directors at Arion Bank, Assistant Professor of Finance at the University of Iceland, and Research Associate in the Department of Private Law at the University of Oslo, Norway. She served as a Senior Researcher with Iceland's Special Investigation Commission following the banks' collapse.

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