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

May 26, 2016 by Frank

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

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.

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.

Economists:

In this episode, Asgeir mentions: Joseph Schumpeter, John Maynard Keynes, Hyman Minsky, Perry G Mehrling,

Papers:

The difference between cash flows in banks and non-financial firms by Asgeir B. Torfason
Methods for Making Sense of Cash Flow in Banks by Asgeir B. Torfason
Cash flow accounting in banks – a study of practice (PhD) by Asgeir B. Torfason

Books:

The New Lombard Street: How the Fed Became the Dealer of Last Resort by Perry Mehrling
Lombard Street-A Description of the Money Market by Walter Bagehot
Manias, Panics and Crashes: A History of Financial Crises, Sixth Edition by Charles P. Kindleberger
The Economic Consequences of the Peace by John Maynard Keynes

Where to Find Asgeir:

Twitter: @asgeirbt
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070: Chronis Lalas on Prospect Theory and ‘Making a Behavioral Economist’

January 28, 2016 by Frank

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070: Chronis Lalas on Prospect Theory and ‘Making a Behavioral Economist’

Chronis Lalas is an aspiring Behavioral Economist who is researching and publishing about the applications of Behavioral Economics in the real world. Chronis is a recent graduate of the University of Macedonia, Greece with a BA in Economics.

Chronis blogs at The Newbie Economist and aspires to be a behavioral economist that will optimize Fortune 500 corporations’ marketing campaigns through analyzing their existing customers’ behavior.

He aims to bring a fresh perspective to traditional economics by optimizing in consumer behavior analysis and brand management. As a young economist, his vision is to inspire students and the young generation to take on Behavioral Economics. His work has been published, amongst others, in the Online Political and Economic Newspaper The European Sting.

Economists:

In this interview, Chronis mentions: George Lowenstein, Dilip Soman, Leigh Caldwell, Yoram Bauman, Steve Keen and Dan Ariely.

Economics:

In this interview, Chronis mentions: behavioral economics, prospect theory, confirmation bias, loss aversion, financial crisis, capital controls, austerity, nudge and utility theory.