Icelandic Financial Crisis
Iceland became one of the first victims of the 2008 Financial Crisis. In this video, January uses Iceland as a case study to examine the impacts of ambitious balance sheet growth and inadequate central bank oversight.
Overview
In 2007-08, Iceland’s financial system was particularly vulnerable due to the epic ambitions of retail banks and their aggressive acquisitions to establish geographical diversity. This coupled with the inept oversight of the Sedlabanki meant outstanding debt grew rapidly, leaving behind a depression.
Key learning objectives:
Identify the initial responses to the Financial Crisis
Pinpoint the potential parties to blame for the collapse
Explain the effects of the Financial Crisis
Summary
Expert
January Carmalt
January began her career in 1999 with Bank of America in Charlotte, NC. From the Credit Products team, she moved into fixed income bond research covering Telecoms and Financials. While in London, January focused on financial institutions bond research until her Director and head bond analyst role at Deutsche Bank. As of 2011, January has worked as a freelance writer.
