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Iceland: Financial System Stability Assessment

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  • International Monetary Fund

Abstract

Iceland has implemented a broad-based program of financial liberalization and market reforms. Iceland's conduct of monetary and financial policies is highly transparent, which contributes in an important way to the stability and efficiency of the financial system. Both macroprudential and microprudential indicators suggest that the system may be vulnerable to a macroeconomic shock. The Icelandic financial system is vulnerable to market risk and credit risk. The government intends to use the results of the assessment to strengthen their operations and enhance improvements to the regulatory framework.

Suggested Citation

  • International Monetary Fund, 2001. "Iceland: Financial System Stability Assessment," IMF Staff Country Reports 2001/085, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2001/085
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=4099
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    Cited by:

    1. Erik Larson, 2017. "Demand for credit, international financial legitimacy, and vulnerability to crises: Regulatory change and the social origins of Iceland's collapse," Regulation & Governance, John Wiley & Sons, vol. 11(2), pages 185-202, June.

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