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Why Iceland? by Asgeir Jonsson (Hardcover, 2009)

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Title: Why Iceland?. Edition: 1 List Price: -. Books will be free of page markings. Will be clean, not soiled or stained.

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The reasons behind Iceland's decline--and what it now means for the rest of the world How did a nation of 300,000 build an international banking empire of assets equaling 12 times its GDP-- and then lose it all overnight? sgeir Jonsson, head of research and chief economist for Iceland's biggest bank, was in the midst of it all. Here, he explains the whole story of how Iceland grew into a banking empire and then collapsed, including the theory that Iceland's fall was the result of a speculative attack by hedge funds on the nation's banking system. He examines the roles played by the United States and United Kingdom, and predicts how the collapse will, in turn, affect them.