Iceland : selected issues /

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Bibliographic Details
Author / Creator:	Cerra, Valerie, author.
Imprint:	Washington, D.C. : International Monetary Fund, ©1999.
Description:	1 online resource (147 pages).
Language:	English
Series:	IMF Staff Country Report ; no. 99/68 IMF staff country report ; no. 99/68.
Subject:	Iceland. Iceland
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12500485

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund.
ISBN:	1280981318 9781280981319
Notes:	Online resource; title from PDF title page (IMF, viewed Apr. 24, 2015).
Summary:	This Selected Issues paper focuses on the European Monetary Union and the monetary policy framework in Iceland. It concludes that in terms of an exchange rate regime, the two most realistic options for Iceland are to continue with the existing arrangement or adopt a unilateral peg to the euro. However, it is argued that both options entail the need for enhancing the independence of the central bank, which will require reforming the Central Bank of Iceland Act. The paper also discusses a Scandinavian forecasting model for inflation in Iceland.

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