Iceland has made considerable progress under an economic program supported by the Stand-By Arrangement (SBA … underpinned the recovery. Executive Directors emphasized that Iceland should continue to build up its stock of international …

Iceland’s gross external debt rose above 600 percent of GDP, while households and corporations accumulated heavy debt … burdens with large exposures to foreign exchange and inflation risk. The global banking crisis exposed Iceland …

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 …

This paper presents an update on Iceland’s Financial System Stability Assessment. Liquidity ratios, while high, now …

Iceland’s 2008 Article IV Consultation shows that the long expansion is coming to an end, exposing the economy …