|"This book delivers an urgent warning about the critical importance of controlling risk and incentives in banking. If those who benefit from risk don't bear more downside, they are likely to become reckless. When regulation and supervision fail, economi
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?...
[PDF.sj53] Bringing Down the Banking System: Lessons from Iceland Rating: 4.72 (465 Votes)
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