European Parliament Library

Iceland :, Second Post-Program Monitoring Discussions

Abstract
The report throws light on the process of recovery from the global financial crisis in Iceland. The strong growth performance witnessed in 2011 seems to continue in 2012. The closing output gap and the decline in unemployment have been marked as positive changes. The major external and internal risks to the financial sector are highlighted, and emphasis is laid on the need to address risks and achieve fiscal targets by maintaining a strong, independent, and adequately resourced Financial Supervisory Authority (FME)
Table Of Contents
Cover; CONTENTS; RECENT DEVELOPMENTS AND OUTLOOK; A. A demand-driven recovery; B. Outlook and risks; MANAGING RISKS TO PROMOTE EXTERNAL STABILITY AND GROWTH; A. Orderly capital account liberalization; B. Staying on the path of fiscal consolidation; BOX; 1. The New Fisheries Laws; C. Tightening monetary policy to bring down inflation; D. Reducing vulnerabilities in the financial sector; POST-PROGRAM MONITORING; STAFF APPRAISAL; FIGURES; 1. Recent Developments in Demand and Labor; 2. Price and Exchange Rate Developments; 3. Reserve Adequacy Under the Premature Lifting of Capital Controls
Language
eng
Literary Form
non fiction
Note
"November 2012."
Physical Description
1 online resource (50 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781283947848

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