This week is a week dedicated to recruiting for ECs and job interviews are underway. As I am not partaking of the recruiting opportunity, this is a vacation week for me. Off to Iceland! Taking a relatively short, direct flight of 5 hours, Iceland is one of the most popular short-trip destinations for HBS students.
Last year’s BGIE course totally changed the way I regard new countries. Pre-BGIE, my main concern was food and sightseeing. But now, as I look at a new country, I run it through the framework we learned in the course. During the class on Iceland, we discussed the country’s response to the financial crisis of 2008. At that time, the government had a huge external debt and current account deficit, the Icelandic Krona was highly depreciated, and the declining foreign reserve balance was sending up a red flag regarding the country’s economic stability. Should the country’s long-term sovereign bond rating be downgraded? Should they join the EU to escape from the crisis? We engaged in heated debates.
After 6 years, the situation has changed dramatically due to the rapid increase in exports, and it seems that serenity and stability has returned to the country.
Now, what I’m experiencing as a tourist is an expensive currency exchange coupled with high prices (especially foods and drinks). Umm, good for them, not necessarily good for me…
Yet, I’m enjoying my stay in Iceland immensely. There is a lot to see!
Blue Lagoon hot spring
Allegedly the world’s best hot-dog store (Baejarins Beztu)