087: Asgeir B. Torfason on the Economy of Iceland and Explaining Negative Cashflows in Banks

http://www.economicrockstar.com/asgeir/

Asgeir B. Torfason is Assistant Professor in the School of Business at the University of Iceland where he teaches

Finance, Accounting and Financial Statement Analysis. Asgeir is also Postdoc Research Fellow, as well as an Assistant Professor at Gothenburg Research Institute.

Asgeir defended his PhD at Gothenburg University in May 2014 with dissertation: Cash Flow Accounting in Banks – A study of practice.

His research combines bank management, finance theory, monetary economics and accounting studies.

Previous research has focused on asset values and long-term investment in real estate, a field where Asgeir has extensive practical experience, covering the Nordics as VP for a REIT listed on NYSE.

Prior to that he worked in university management after getting an MBA from Norwegian Business School in Oslo, and studied earlier Philosophy and Economics in Iceland.

AUDIO: http://traffic.libsyn.com/economicrockstar/087_Asgeir_Torfason_Final.mp3

Economics:

In this episode, Asgeir mentions: Iceland’s economy, IT bubble, Tulip Mania, banks, capital controls, devaluation, tourism, resources, trade, cashflows, assets, liabilities, revenue, equity, income statements, bankruptcy, lending, negative cashflows, money multiplier, reserve requirement, central banks, quantitative easing, swap lines and housing bubbles.