Iceland: Second Post-Program Monitoring Discussions

November 19, 2012

Preview Citation

Format: Chicago

Iceland: Second Post-Program Monitoring Discussions, (USA: International Monetary Fund, 2012) accessed September 19, 2024

Summary

The report throws light on the process of recovery from the global financial crisis in Iceland. The strong growth performance witnessed in 2011 seems to continue in 2012. The closing output gap and the decline in unemployment have been marked as positive changes. The major external and internal risks to the financial sector are highlighted, and emphasis is laid on the need to address risks and achieve fiscal targets by maintaining a strong, independent, and adequately resourced Financial Supervisory Authority (FME).

Subject: Balance of payments, Banking, Capital account liberalization, Capital controls, External debt, Inflation, Prices, Public debt

Keywords: Capital account liberalization, Capital control, Capital controls, Capital liberalization strategy, CR, Exchange rate, Headline current account balance, Implementation risk, Inflation, Inflation prospect, ISCR, ISK, Liberalization, Liberalization strategy

Publication Details

Pages:

49
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2012/309
Stock No:

1ISLEA2012005
ISBN:

9781475569674
ISSN:

1934-7685

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