Meltdown Iceland

Lessons on the World Financial Crisis from a Small Bankrupt Island

Business & Finance, Economics, Economic History, Nonfiction, Social & Cultural Studies, Political Science, International
Cover of the book Meltdown Iceland by Roger Boyes, Bloomsbury Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Roger Boyes ISBN: 9781608191987
Publisher: Bloomsbury Publishing Publication: October 6, 2009
Imprint: Bloomsbury USA Language: English
Author: Roger Boyes
ISBN: 9781608191987
Publisher: Bloomsbury Publishing
Publication: October 6, 2009
Imprint: Bloomsbury USA
Language: English

The economic crisis that emerged in America in 2008 unleashed a veritable epidemic of ill health around the world. However it was Iceland, whose population of three hundred thousand had the world's highest GDP per capita and counted itself the happiest of countries, that caught the worst cold. It has nearly killed them.

No story from the economic crisis of 2008 is more evocative than I celand's. The names may be unfamiliar-Johanesson, Bjoergolfsson, Oddsson-but their exuberance, greed, and miscalculation have many counterparts on our shores. And however traumatic the collapse of individual companies may be in the United States, in Iceland's case an entire country melted down. All the wealth accumulated in the previous decade-during which a new breed of Icelanders had dared to believe they could compete economically on an international level, during which Reykjavik became the Capital of Cool-disappeared practically overnight. Iceland's story shows how closely the world economy is interconnected: The default on subprime mortgages in the U .S. led to the collapse of Lehman Brothers, which led directly to the run on Iceland's banks, which forced local authorities in Britain to switch off the heating in their classrooms.

With panache and color, Roger Boyes tells the inside story of the bankrupting of I celand: how it happened, the human dramas-from politicians to financiers to fishermen-that continue to swirl around it, and the lessons we can not ignore. Published on the first anniversary of its collapse, Meltdown Iceland is a cautionary tale for our times, an authoritative and compelling account of the financial destruction of a tiny country whose saga should resonate for us all.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The economic crisis that emerged in America in 2008 unleashed a veritable epidemic of ill health around the world. However it was Iceland, whose population of three hundred thousand had the world's highest GDP per capita and counted itself the happiest of countries, that caught the worst cold. It has nearly killed them.

No story from the economic crisis of 2008 is more evocative than I celand's. The names may be unfamiliar-Johanesson, Bjoergolfsson, Oddsson-but their exuberance, greed, and miscalculation have many counterparts on our shores. And however traumatic the collapse of individual companies may be in the United States, in Iceland's case an entire country melted down. All the wealth accumulated in the previous decade-during which a new breed of Icelanders had dared to believe they could compete economically on an international level, during which Reykjavik became the Capital of Cool-disappeared practically overnight. Iceland's story shows how closely the world economy is interconnected: The default on subprime mortgages in the U .S. led to the collapse of Lehman Brothers, which led directly to the run on Iceland's banks, which forced local authorities in Britain to switch off the heating in their classrooms.

With panache and color, Roger Boyes tells the inside story of the bankrupting of I celand: how it happened, the human dramas-from politicians to financiers to fishermen-that continue to swirl around it, and the lessons we can not ignore. Published on the first anniversary of its collapse, Meltdown Iceland is a cautionary tale for our times, an authoritative and compelling account of the financial destruction of a tiny country whose saga should resonate for us all.

More books from Bloomsbury Publishing

Cover of the book It Wasn't Me: A Bloomsbury Young Reader by Roger Boyes
Cover of the book Landmark Cases in Property Law by Roger Boyes
Cover of the book Transconstitutionalism by Roger Boyes
Cover of the book Sign of the Cross by Roger Boyes
Cover of the book Death, Ritual and Belief by Roger Boyes
Cover of the book A Critique of Western Buddhism by Roger Boyes
Cover of the book Evelyn Waugh by Roger Boyes
Cover of the book Napoleon by Roger Boyes
Cover of the book Theologians on Scripture by Roger Boyes
Cover of the book Why Sailors Can't Swim and Other Marvellous Maritime Curiosities by Roger Boyes
Cover of the book Goblins and Ghosties by Roger Boyes
Cover of the book The Courage to Imagine by Roger Boyes
Cover of the book The Letters of Jude and Second Peter: An Introduction and Study Guide by Roger Boyes
Cover of the book Rugby Revealed by Roger Boyes
Cover of the book The Last Fighting Tommy by Roger Boyes
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy