Iceland : 2010 Article IV Consultation and Third Review under Stand-By Arrangement and Request for Modification of Performance Criteria-Staff Report ; Staff Supplement ; Public Information Notice and Press Release on the Executive Board Discussion ; and Statement by the Executive Director for Iceland.

Iceland : 2010 Article IV Consultation and Third Review under Stand-By Arrangement and Request for Modification of Performance Criteria-Staff Report ; Staff Supplement ; Public Information Notice and Press Release on the Executive Board Discussion ; and Statement by the Executive Director for Iceland.

Saved in:
Bibliographic Details
Corporate author / creator:International Monetary Fund.
Imprint:Washington, D.C. : International Monetary Fund, 2010.
Description:1 online resource (99 pages)
Language:English
Series:IMF Staff Country Reports ; Country Report No. 10/305
IMF Staff Country Reports ; Country Report no. 10/305.
Subject:
Iceland.
Iceland.
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12501109
Hidden Bibliographic Details
Other authors / contributors:International Monetary Fund.
ISBN:9781455208555
1455208558
Notes:Available in PDF, ePUB, and Mobi formats on the Internet.
Summary:Iceland's gross external debt rose above 600 percent of GDP, while households and corporations accumulated heavy debt burdens with large exposures to foreign exchange and inflation risk. The global banking crisis exposed Iceland's vulnerabilities, triggering a balance-of-payments crisis, a collapse of the exchange rate and output, and the failure of financial and many nonfinancial firms. The importance of accelerating the restructuring of banks' operations and balance sheets and also policy frameworks has been stressed. The downward trend in inflation is welcomed.
Standard no.:10.5089/9781455297092.002

Similar Items