Iceland 2009.
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.
| Main Author: | |
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| Corporate Authors: | , |
| Format: | eBook |
| Language: | Inglés |
| Published: |
Paris :
OECD
2009.
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| Series: | OECD economic surveys. Iceland ;
v. 2009/16, September 2009. |
| Subjects: | |
| See on Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009705656006719 |
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
