An edition of Iceland 2009
(2009)
Iceland 2009
by Organisation for Economic Co-operation a...
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Last edited by Tom Morris
November 9, 2022 | History
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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Book Details
Table of Contents
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 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; Notes; Bibliography; Annex 1.A1. Progress in structural reform
Chapter 2. Challenging times for monetary and fiscal policiesThe 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
Edition Notes
Includes bibliographical references.
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