The 2008 Global Financial Crisis in Retrospect: Causes of the Crisis and National Regulatory Responses Robert Z. Aliber

1. A Retrospective on the 2008 Global Financial Crisis

Part I. The Source of the 2008 Global Financial Crisis

2. The Financial Alchemy That Failed

3. Prudential Regulation and Capital Controls

4. Three Grand State Projects Meet the Financial System

5. The 2008 GFC: Savings or Banking Glut?

6. Capital Flows into the United States Ahead of the Great North Atlantic Financial Crisis

7. The Foreign Capital Flow and Domestic Drivers of the US Financial Crisis and Its Spread Globally

8. Financial Crises and Bank Capital

9. Three Reflections on Banking Regulations and Cross-Border Financial Flows

Part II. Iceland and the 2008 Global Crisis

10. From a Capital Account Surplus to a Current Account Deficit

11. Lessons from the Icelandic Financial Crisis

12. Iceland’s Capital Controls

13. Wage of Failure: Executive Compensation at the Failed Icelandic Banks

14. Financial Policy After the Crisis

15. Business Cycles and Health: Lessons from the Icelandic Economic Collapse

16. Ten Years After: Iceland’s Unfinished Business

17. After 100 Years of Experimenting: One Solution?

18. Iceland Should Replace Its Central Bank with a Currency Board

19. Post-crisis Monetary Policy Reform: Learning the Hard Way

20. Inflation Targeting, Capital Controls, and Currency Intervention in Iceland, 2012–2017

Part III. Panel Discussion on the 2008 Crisis

21. Summary of Panel Discussion