Iceland: Selected Issues Paper

Author: International Monetary Fund

Volume/Issue: Volume 2010 Issue 304

Publication date: October 2010

ISBN: 9781455208548

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Public Finance , ISCR , CR , debt , GDP , asset , growth challenge , model simulation , Herfindahl-Hirschmann export product concentration index , GDP growth , export products , asset volatility , Fiscal consolidation , Exports , Export performance , Global

Also of interest

Peru

Nepal

Grenada

Republic of Congo : 2001 Article IV

Summary

In this study, during 2008, the financial crisis lead Iceland’s public debt to soar from under 30 percent of GDP to more than 100 percent of GDP, and while underlying external debt came down sharply, it remains elevated at close to 300 percent of GDP. First, external sustainability is overviewed, and second, growth of Iceland’s economy has been challenged, and finally, fiscal adjustments and its macroeconomic impacts are overviewed. Traditional external debt sustainability analysis (DSA) suggests that Iceland’s external debt is sustainable but is vulnerable to depreciation shock.