How Iceland Beat The Banks

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Choosing to let its banks fail, Iceland chose to help its people and had a surprising economic recovery. So, how did Iceland beat the banks?

Learn More:
Excerpts: Iceland’s Oddsson
http://www.wsj.com/articles/SB122418335729241577
“Last week, Iceland’s central bank chief, David Oddsson, a former prime minister and Reykjavik mayor, appeared on RUV, the state-owned public-service broadcaster.”

After Crisis, Iceland Holds a Tight Grip on Its Banks
http://dealbook.nytimes.com/2014/01/15/after-crisis-iceland-holds-a-tight-grip-on-its-banks/?_r=0
“An angular glass building on the waterfront here used to be the headquarters of a banking giant with operations in Europe, North America and the Middle East.”

From Boom To Bust: The Iceland Story
https://www.aeaweb.org/aea/2011conference/program/retrieve.php?pdfid=311
“This chapter tells an Icelandic saga, albeit not one of the classic kind with more embellished heroes than villains.”

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