The Icelandic Banking System: Before and after the Crisis
| Thesis title in Czech: | The Icelandic Banking System: Before and after the Crisis |
|---|---|
| Thesis title in English: | The Icelandic Banking System: Before and after the Crisis |
| Academic year of topic announcement: | 2012/2013 |
| Thesis type: | diploma thesis |
| Thesis language: | čeština |
| Department: | Institute of Economic Studies (23-IES) |
| Supervisor: | PhDr. Jaromír Baxa, Ph.D. |
| Author: | hidden - assigned by the advisor |
| Date of registration: | 11.07.2012 |
| Date of assignment: | 11.07.2012 |
| Guidelines |
| My thesis will focus on the Icelandic banking sector – on the development of Icelandic GDP and the biggest local banks before the crisis, their position with respect to the central bank in the small island country and the impact of the crisis and whether or not could it be foreseen and if so who is responsible for not doing so. The analysis of the impact of the crisis on the banking sector in particular, bankruptcies of banks (state), the solutions adopted would follow.
As a result should be a comprehensive study that would expose the errors made and can show the steps that would prevent similar future course. 1. Hypothesis #1: Position of banks in the small island country – how this particular situation, where the banks are larger than the central bank of a country, even occurred? Could this happen in other similar countries? What consequences does the size of banks in proportion to the country’s real economy have? 2. Hypothesis #2: Fast development of Iceland's economy before the crisis - how is it that no one seemed to be able to foreseen the problems? Who had to see it in order to avoid such impact? 3. Hypothesis #3: Was the scenario of saving the banks in Iceland optimal? 4. Hypothesis #4: What are the errors made, which would be avoided in the future to prevent a similar course of things? |
| References |
| List the most important papers/books you are going to use (specify at least 5 relevant references).
Carey, D. (2009): Iceland: The Financial and Economic Crisis, OECD Economics Department Working Papers, No. 725, OECD Publishing Jackson J.K.: Iceland's Financial Crisis; Current Politics and Economics of Europe, Volume 21, 2010; ISSN: 1057-2309 Danielsson J, Gylfi Zoega.: The Collapse of a Country; (London School of Economics), (University of Iceland and Birkbeck College), 2009 Jónsson A., Why Iceland?: how one of the world's smallest countries became the meltdown's biggest casuality; New York (NY): McGraw-Hill, 2009 Matthiasson T., Spinning out of control, Iceland in crisis; Nordic Journal of Political Economy, Volume 34, 2008 The World Factbook: Iceland. CIA. [online]. 2011 |
| Preliminary scope of work |
| 1. Introduction
2. Iceland Banking sector a. Development b. Position of the banks/central bank 3. Iceland economy analysis a. Recent economy crisis b. State Bankruptcy c. Causes, origins, responsibilities 4. Summary, what to avoid in the future 5. Conclusion |
| Preliminary scope of work in English |
| My thesis will focus on the Icelandic banking sector – on the development of Icelandic GDP and the biggest local banks before the crisis, their position with respect to the central bank in the small island country and the impact of the crisis and whether or not could it be foreseen and if so who is responsible for not doing so. The analysis of the impact of the crisis on the banking sector in particular, bankruptcies of banks (state), the solutions adopted would follow.
As a result should be a comprehensive study that would expose the errors made and can show the steps that would prevent similar future course. |