Iceland's banking saga reverberates five years on

Posted 09/10/2013 - 10:54 by anrigaut

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2013-10-07 23

On October 8, 2008, Iceland became the first advanced economy to suffer a systemic banking collapse. As Ásgeir Jónsson notes, five years on the European banking system remains fundamentally flawed. ....

Ásgeir Jónsson is Assistant Professor of Economics at the University of Iceland and the author of "Why Iceland?: How One of the World's Smallest Countries Became the Meltdown's Biggest Casualty." He previously worked as Chief Economist at Iceland's Kaupthing bank.