As late as the mid 1980s, Icelands economyrevolved around little else than a semi-robustcod-fishing industry. By the end of the century, however,it had transformed itself into a major player inworld finance, building an international bankingempire worth twelve times its GDP. The tiny islandnation of 300,000 was one of the global economysgreat success stories.And then everything came crashing down.Why Iceland? is the inside account of one ofthe economic meltdowns most fascinating andfar-reaching tragedies. As Chief Economist ofKaupthing Bank, the countrys largest bank beforethe collapse,

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