Iceland 2009.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development Staff, Corporate Author.

Contributor:

Organisation for Economic Co-operation and Development.

Series:

OECD economic surveys. Iceland ; v. 2009/16, September 2009.

OECD economic surveys, 0376-6438 ; v. 2009/16, Sept. 2009

Language:

English

Subjects (All):

Ireland--Economic conditions--21st century.

Ireland.

Ireland--Economic policy--21st century.

Physical Description:

1 online resource (109 p.)

Other Title:

Iceland

Place of Publication:

Paris : OECD, 2009.

Language Note:

English

Summary:

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.

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

Notes:

Description based upon print version of record.

Includes bibliographical references.

ISBN:

1-282-30433-X

9786612304330

92-64-05452-9

OCLC:

609851215