Center for Financial Stability

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The 2008 Global Financial Crisis in Retrospect
University of Iceland, Reykjavik, Iceland
August 30-31, 2018

The 2008 global financial crisis was the most severe since the Great Depression of the early 1930s.

The 2018 Conference in Reykjavik examined the causes of the 2008 crisis and the regulatory responses both at the national level and the international level and explored whether the innovations in regulations are likely to reduce the frequency and severity of a banking crisis in the future.

The event gathered prominent leaders from academia, business and government who offered a global perspective during this two day workshop.

Program and Presentations

Thursday, 30 August

Welcome by Jón Atli Benediktsson, President of the University of Iceland

Was the U.S. crisis a national banking event or a global event?

Capital flows and the U.S. economy

Keynote speech

  • William White, formerly Bank for International Settlements: Chair
  • Már Gudmundsson, Governor of the Central Bank of Iceland: “Recovery and reforms: where do we stand ten years after the crisis?

Lessons from Iceland’s financial crisis

Friday, 31 August

The financial crisis and its impact on Icelandic society

Small open economies and the challenges of free capital flows

Keynote speech

The optimal monetary policy regime for Iceland

Panel discussion