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Iceland 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Iceland

Iceland’s 2008 Article IV Consultation shows that the long expansion is coming to an end, exposing the economy’s overstretched private sector balance sheets, large macroeconomic imbalances, and high dependence on foreign financing. With external liquidity constraints binding, economic activity is ex...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2008
Series:IMF Staff Country Reports
Subjects:
Finance, Public
Depository Institutions
Inflation
Public Administration
Public Debt
Banks
Finance
Public Finance & Taxation
Industries: Financial Services
Banks And Banking
Monetary Economics
Financial Statements
Financial Institutions
Deflation
Debt Management
Micro Finance Institutions
Fiscal Policy
Debts, Public
Debt
Exports And Imports
Mortgages
Sovereign Debt
Price Level
Loans
Accounting
Public Sector Accounting And Audits
Prices
Macroeconomics
Public Financial Management (pfm)
Banking
Financial Reporting, Financial Statements
Public Finance
Iceland
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:Iceland’s 2008 Article IV Consultation shows that the long expansion is coming to an end, exposing the economy’s overstretched private sector balance sheets, large macroeconomic imbalances, and high dependence on foreign financing. With external liquidity constraints binding, economic activity is expected to slow significantly from unsustainably high levels, inflation to remain well above target, and the current account to narrow. Uncertainty surrounding the outlook is unusually large, dominated by significant downside risks, both external and domestic
Physical Description:53 pages
ISBN:9781451819380

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