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The Irish Banking Crisis: A Parable

Harvard Business Review

NOVEMBER 29, 2010

Heres what orthodox economics would have predicted for a country without banks: A collapse in the money supply, a credit crunch, a trade implosion, mass unemployment, an atomized GDP, and the gears of industry and commerce grinding to a crashing halt. Imagine all the veins in your body suddenly shrinking and collapsing — Avada Kedavra!!

Banking 15
Banking Crisis Merton Guidelines 15
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Creating a Culture of Unconditional Love

Harvard Business Review

JANUARY 8, 2014

It was the largest sovereign debt default in world history, and GDP fell by some 30% coupled with a 300% currency devaluation. But we all know what happened in 2001. By the end of the year, Argentina’s economy had collapsed. Over 12 days, five different presidents took control of the country.

Emotional Intelligence 9
Emotional Intelligence GDP McKinsey Airlines 9
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