Iceland: Request for Stand-By Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iceland
This paper examines key findings of Iceland’s Request for a Stand-By Arrangement from the IMF. Iceland’s economy is in the midst of a banking crisis of extraordinary proportions that is expected to lead to a deep recession, a sharp rise in the fiscal deficit, and a dramatic surge in public sector de...
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ftrepec:oai:RePEc:imf:imfscr:2008/362 2024-04-14T08:13:23+00:00 Iceland: Request for Stand-By Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iceland International Monetary Fund http://www.imf.org/external/pubs/cat/longres.aspx?sk=22513 unknown http://www.imf.org/external/pubs/cat/longres.aspx?sk=22513 preprint ftrepec 2024-03-19T10:41:22Z This paper examines key findings of Iceland’s Request for a Stand-By Arrangement from the IMF. Iceland’s economy is in the midst of a banking crisis of extraordinary proportions that is expected to lead to a deep recession, a sharp rise in the fiscal deficit, and a dramatic surge in public sector debt, reflecting a high fiscal cost of restructuring the banking system. The virtual collapse of the on-shore foreign exchange market poses a serious and immediate risk to the economy considering its high import dependence. ISCR;CR;SDR;Iceland;fund;policy;fiscal consolidation policy; banking sector strategy; monetary policy environment; sound banking system strategy; government of Iceland; Bank resolution; Commercial banks; Current account; Global Report Iceland RePEc (Research Papers in Economics) |
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RePEc (Research Papers in Economics) |
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This paper examines key findings of Iceland’s Request for a Stand-By Arrangement from the IMF. Iceland’s economy is in the midst of a banking crisis of extraordinary proportions that is expected to lead to a deep recession, a sharp rise in the fiscal deficit, and a dramatic surge in public sector debt, reflecting a high fiscal cost of restructuring the banking system. The virtual collapse of the on-shore foreign exchange market poses a serious and immediate risk to the economy considering its high import dependence. ISCR;CR;SDR;Iceland;fund;policy;fiscal consolidation policy; banking sector strategy; monetary policy environment; sound banking system strategy; government of Iceland; Bank resolution; Commercial banks; Current account; Global |
format |
Report |
author |
International Monetary Fund |
spellingShingle |
International Monetary Fund Iceland: Request for Stand-By Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iceland |
author_facet |
International Monetary Fund |
author_sort |
International Monetary Fund |
title |
Iceland: Request for Stand-By Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iceland |
title_short |
Iceland: Request for Stand-By Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iceland |
title_full |
Iceland: Request for Stand-By Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iceland |
title_fullStr |
Iceland: Request for Stand-By Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iceland |
title_full_unstemmed |
Iceland: Request for Stand-By Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iceland |
title_sort |
iceland: request for stand-by arrangement: staff report; staff supplement; press release on the executive board discussion; and statement by the executive director for iceland |
url |
http://www.imf.org/external/pubs/cat/longres.aspx?sk=22513 |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
http://www.imf.org/external/pubs/cat/longres.aspx?sk=22513 |
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1796311355218722816 |