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Availability: Available
Publication date: 02 Sep 2009
Language: English
Pages: 203
Tables: 14
ISBN: 9789264054523
OECD Code: 102009161E1
Frequency: Every 18 months
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Other Versions & Languages |
Table of contents
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This 2009 edition of OECD's periodic survey of Iceland's economy examines the impact of the financial crisis and makes recommendation on how it should be managed.
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Other Versions:
Print - Paperback
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Policy brief:
French, English
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Table of contents:
Executive Summary
Assessment and Recommendations
Chapter 1. The Financial and Economic Crisis
-Iceland's three main banks became vulnerable to a deterioration in global financial markets
-Private sector balance sheets became vulnerable after a rapid expansion
-An unsustainable, domestic-demand led economic boom developed
-The banks were unable to resist the deterioration in global financial markets
-Aftermath of the collapse of Iceland's main banks
-Prudential supervision and regulation need to be strengthened
-Annex 1.A1. Progress in structural reform
Chapter 2. Challenging Times for Monetary and Fiscal Policy
-The limits of monetary policy in a very small open economy
-The future of monetary policy
-Substantial fiscal consolidation measures are urgently needed
-Measures to increase public revenues
-Measures to contain public spending
-Concluding remarks
-Bibliography
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