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Iceland : second post-program monitoring discussions.

Author: International Monetary Fund.
Publisher: Washington, D.C. : International Monetary Fund, ©2012.
Series: IMF country report, no. 12/309.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
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  Read more...
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Details

Genre/Form: Electronic books
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund.
ISBN: 1475548567 9781475548563
OCLC Number: 818673017
Notes: "November 2012."
"October 24, 2012"--Page 2 of pdf.
Description: 1 online resource (49 pages) : color illustrations.
Contents: Cover; CONTENTS; RECENT DEVELOPMENTS AND OUTLOOK; A.A demand-driven recovery; B. Outlook and risks; MANAGING RISKS TO PROMOTE EXTERNAL STABILITY AND GROWTH; A. Orderly capital account liberalization; B. Staying on the path of fiscal consolidation; C. Tightening monetary policy to bring down inflation; D. Reducing vulnerabilities in the financial sector; POST-PROGRAM MONITORING; STAFF APPRAISAL; BOX; 1. The New Fisheries Laws; FIGURES; 1. Recent Developments in Demand and Labor; 2. Price and Exchange Rate Developments; 3. Reserve Adequacy Under the Premature Lifting of Capital Controls. 4. Monetary Policy5. Financial Sector Development; TABLES; 1. Selected Economic Indicators, 2006-13; 2. Money and Banking; 3. Medium-Term Projections, 2009-17; 4. Balance of Payments, 2009-17; 5. General Government Operations, 2008-17; 6. Central Government Operations, 2008-17; 7. Indicators of Fund Credit, 2008-16; 8. Financial Soundness Indicators; ANNEXES; I. Debt Sustainability Analysis; II. Capital Account Liberalization: Strategy and Risks.
Series Title: IMF country report, no. 12/309.

Abstract:

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).

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