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Why Iceland?: How One of the World's Smallest Countries Became the Meltdown's Biggest Casualty,Used
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As late as the mid 1980s, Icelands economy revolved around little else than a semirobust codfishing industry. By the end of the century, however, it had transformed itself into a major player in world finance, building an international banking empire worth twelve times its GDP. The tiny island nation of 300,000 was one of the global economys great success stories.And then everything came crashing down.Why Iceland? is the inside account of one of the economic meltdowns most fascinating and farreaching tragedies. As Chief Economist of Kaupthing Bank, the countrys largest bank before the collapse, sgeir Jnsson is perfectly suited to examine Icelands collapse in painstaking detail. He witnessed behindthescenes events firsthand, such as an intriguing meeting in January 2008 when a group of international hedge fund managers gathered in a bar in Reykjavik to discuss Icelands economyan informal affair that eventually became the center of a criminal investigation by the countrys Financial Supervisory Authority.This inside account examines the pressing issues behind historys biggest banking collapse: How did Iceland transform itself from one of Europes poorest to one of its wealthiest countries? What happened to cause the destruction of the nations banking industry during a single week of October 2008? Was it the result of a speculation attack by hedge funds on the nations currency?Iceland remains the biggest casualty of the economic downturn, and the ramifications of its catastrophic failure reach deeply into the economies of Europe, the United States, and other global markets. sgeir Jnsson offers a unique perspective and an experts insight into the rise and fall of this onceproud banking giant.Why Iceland? provides the who, what, where, and when of Icelands demise, serving as a fascinating read and providing the understanding necessary for forecasting when and where the aftershocks will shake up markets in other parts of the world.'Fearsome Vikings discovered Iceland. Hedge funds knocked it down. It was a humiliating tumble for the former financial powerhouse, which was proud of its status in Europe. A late bloomer, Iceland had been the last country in Europe to be settled, the Nordic nation rapidly caught up with its wealthier relations. It was all fine until October 2008, when country's banking system collapsed in a week. Written by an Icelandic economist, Why Iceland? chronicles the meltdown, in the context of the nation's history.'New York Post (A 'Required Reading' Selection)
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- Q: What is the page count of 'Why Iceland?' A: The book contains two hundred twenty-four pages. This allows for an in-depth exploration of Iceland's economic history.
- Q: What are the dimensions of 'Why Iceland?' A: The book measures six point four two inches in length, zero point eight eight inches in width, and nine point three inches in height.
- Q: What is the binding type of 'Why Iceland?' A: This book is a hardcover edition. The durable binding enhances its longevity and makes it suitable for frequent reading.
- Q: Who is the author of 'Why Iceland?' A: The author is Ásgeir Jónsson. He served as the Chief Economist of Kaupthing Bank during Iceland's financial crisis.
- Q: What genre does 'Why Iceland?' fall under? A: The book is classified under Economic History. It provides insights into the economic collapse of Iceland.
- Q: How do I read 'Why Iceland?' A: You can read this book like any standard novel. It covers relevant events in Iceland's history from an economic perspective.
- Q: Is 'Why Iceland?' suitable for beginners in economic studies? A: Yes, the book is accessible for those new to economic studies. It presents complex topics in an understandable manner.
- Q: What reading age is recommended for 'Why Iceland?' A: The book is suitable for adult readers and older teens. It addresses sophisticated economic concepts that may not be appropriate for younger audiences.
- Q: How should I care for my copy of 'Why Iceland?' A: Keep the book in a dry place and avoid exposure to direct sunlight. This will help preserve its condition over time.
- Q: Can I store 'Why Iceland?' with other books? A: Yes, you can store it with other books. Ensure it is kept upright to avoid damage to the spine.
- Q: What if my copy of 'Why Iceland?' arrives damaged? A: You can return the book for a refund or exchange. Check the return policy of the retailer for specific instructions.
- Q: Is there a warranty for 'Why Iceland?' A: Typically, books do not come with a warranty. However, you can inquire about the return policy for any issues.
- Q: Are there common issues with 'Why Iceland?' A: Some readers may find the economic concepts challenging. It's recommended to take notes or discuss with others for better understanding.
- Q: Is 'Why Iceland?' an insightful read for financial professionals? A: Yes, it provides unique insights relevant to financial professionals. The author's experience adds credibility to the analysis.
- Q: How does 'Why Iceland?' compare to other economic history books? A: It offers a focused case study on Iceland's unique economic journey, making it distinct from broader economic history texts.
- Q: What themes are explored in 'Why Iceland?' A: The book explores themes of economic transformation, banking collapse, and the global impact of Iceland's financial crisis.