First Book in English on the Iceland Economic Crisis Skip to content

First Book in English on the Iceland Economic Crisis

By Iceland Review

McGraw Hill has just published the first book in English on the economic meltdown in Iceland, entitled Why Iceland?. The author, Dr. Ásgeir Jónsson, is chief economist of Kaupthing Bank, the country’s largest bank before the collapse.

Jónsson is therefore suited to examine Iceland’s collapse in painstaking detail, a press release states. Why Iceland? is the inside account of one of the economic meltdown’s most fascinating and far-reaching tragedies.

The author witnessed behind-the-scenes events firsthand, such as an intriguing meeting in January 2008 when a group of international hedge fund managers gathered in a bar in Reykjavík to discuss Iceland’s economy—an informal affair that eventually became the center of a criminal investigation by the country’s Financial Supervisory Authority.

Iceland remains the biggest casualty of the economic downturn, and the ramifications of its catastrophic failure reach deeply into the economies of Europe, the US, and other global markets.

Jónsson offers a unique perspective and an expert’s insight into the rise and fall of this once-proud banking giant, the publisher promises.

The book is available in the United States and on and will be published in Europe in September.

Click here to read about other books about the Icelandic banking collapse.

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