This paper examines key findings of Iceland’s Request for a Stand-By Arrangement from the IMF. Iceland’s economy is in …

In this study, during 2008, the financial crisis lead Iceland’s public debt to soar from under 30 percent of GDP to … percent of GDP. First, external sustainability is overviewed, and second, growth of Iceland’s economy has been challenged, and … (DSA) suggests that Iceland’s external debt is sustainable but is vulnerable to depreciation shock …

The 2012 Article IV Consultation reports that Iceland’s fiscal consolidation is continuing, but at a slower pace …

The ex-post evaluation of Iceland’s Exceptional Access under the 2008 Stand-By Arrangement is presented. In the wake of … the global financial crisis in late 2008, Iceland has experienced a deep financial and economic crisis of its own …

This technical assistance report on Iceland focuses on a new organic budget law (OBL). In designing a new OBL, it is … important to preserve good features of Iceland’s current legal framework for budgeting. At the same time, any new OBL should …

This paper reviews economic developments in Iceland during 1990–96. It analyzes the origins of the current economic …

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 … independence of the central bank, which will require reforming the Central Bank of Iceland Act. The paper also discusses a …