Iceland; Selected Issues

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. Howev...

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Main Author: International Monetary Fund
Format: Report
Language:unknown
Subjects:
Iceland
Online Access:http://www.imf.org/external/pubs/cat/longres.aspx?sk=3128
id ftrepec:oai:RePEc:imf:imfscr:99/68
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spelling ftrepec:oai:RePEc:imf:imfscr:99/68 2024-04-14T08:13:20+00:00 Iceland; Selected Issues International Monetary Fund http://www.imf.org/external/pubs/cat/longres.aspx?sk=3128 unknown http://www.imf.org/external/pubs/cat/longres.aspx?sk=3128 preprint ftrepec 2024-03-19T10:32:21Z 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. Iceland;inflation, central bank, monetary policy, inflation targeting, price stability Report Iceland RePEc (Research Papers in Economics)
institution Open Polar
collection RePEc (Research Papers in Economics)
op_collection_id ftrepec
language unknown
description 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. Iceland;inflation, central bank, monetary policy, inflation targeting, price stability
format Report
author International Monetary Fund
spellingShingle International Monetary Fund
Iceland; Selected Issues
author_facet International Monetary Fund
author_sort International Monetary Fund
title Iceland; Selected Issues
title_short Iceland; Selected Issues
title_full Iceland; Selected Issues
title_fullStr Iceland; Selected Issues
title_full_unstemmed Iceland; Selected Issues
title_sort iceland; selected issues
url http://www.imf.org/external/pubs/cat/longres.aspx?sk=3128
genre Iceland
genre_facet Iceland
op_relation http://www.imf.org/external/pubs/cat/longres.aspx?sk=3128
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