Iceland: Staff Report for the 2001 Article IV Consultation

June 12, 2001

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Format: Chicago

Iceland: Staff Report for the 2001 Article IV Consultation, (USA: International Monetary Fund, 2001) accessed November 8, 2024

Summary

Iceland has benefited from the policy reorientation introduced just over a decade ago. The emergence of domestic and external imbalances in recent years, however, is cause for concern. An urgent task is to lower the risk exposure of the financial system. The adoption of an inflation targeting framework for monetary policy is commended. Fiscal policy should address the domestic and external imbalances. The intention to reinvigorate the privatization program is welcome. The government should continue to reduce the unfunded liability of the state employee pension scheme.

Subject: Balance of payments, Banking, Current account deficits, Exchange rates, External debt, Foreign exchange, Inflation, Inflation targeting, Monetary policy, Prices

Keywords: Central bank repo, Consumer price inflation, CR, Current account deficits, Exchange rate, Exchange rates, Global, Government, IMF assessment, Inflation, Inflation targeting, Interest rate differential, ISCR, Regime switch, Telecommunication company

Publication Details

Pages:

49
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/081
Stock No:

1ISLEA0012001
ISBN:

9781451819229
ISSN:

1934-7685

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