WADE, Robert H. <br/><br/>
Iceland's meltdown :  the rise and fall of international banking in the North Atlantic 

 - São Paulo :  Editora 34,  Dez. 2011 
<br/><br/> This paper shows how rapid privatization and liberalization of Iceland's small local banks around 2000, combined with well-developed crony relations among the elite, enabled a small group of financiers to leverage government-guaranteed deposits into a vast wave of mergers and acquisitions abroad, and redistribute enough of the profits back home to make the economy boom. Negative policy feedback loops were systematically undermined. The incoming left-wing government, with IMF support, has managed to protect the bulk of the population from the worst of the effects 
<br/><br/><label>Subjects--Topical Terms: </label><br/> Crise Econômica<br/>Privatização<br/>Estabilidade Econômica<br/>Instituição Financeira<br/>Política Monetária<br/>Sistema Financeiro<br/>Liberalismo<br/>Islândia<br/>Europa