First, get hold of Justin Cartwright’s novel Other People’s Money. Okay, it’s fiction. But it’s very readable. And you’ll find that the story, which revolves around a failing London bank, provides an enjoyable introduction to why financial institutions collapse, and how rich bankers, powerful politicians and influential journalists conspire to prevent the bank from crashing.
Justin Cartwright’s story also mentions Bhutan – not as the land of gross national happiness, or as an up and coming financial centre, but, interestingly, as a refuge for the mysterious yeti!
Second, download Getting up to Speed on the Financial Crisis: A One-Weekend-Reader’s Guide by Gary Gorton and Andrew Matrick. This paper, also quite readable, is a summary of 16 other documents, and explains what happened during the financial crisis 2007 – 2009.
The one-weekend guide also has a Bhutan connection. The paper was recommended by Dorji Wangchuk on one of his many informative tweets. Dorji Wangchuk is an economist and financial expert working in the UK.