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Iceland: Financial System Stability Assessment: Update

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  • International Monetary Fund

Abstract

This paper presents an update on Iceland’s Financial System Stability Assessment. Liquidity ratios, while high, now depend more than before on access to central banks’ liquidity facilities because of the turmoil in global markets, and any reduction in such access would require changes in the banks' liquidity management strategy. Capital levels, although above minimum levels, are below the average of the five years and may not provide adequate buffers, in light of the deterioration in the global environment and market uncertainties about the strength of banks.

Suggested Citation

  • International Monetary Fund, 2008. "Iceland: Financial System Stability Assessment: Update," IMF Staff Country Reports 2008/368, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2008/368
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    Citations

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    Cited by:

    1. Thorhildur Ólafsdóttir & Tinna Ásgeirsdóttir, 2015. "Gender differences in drinking behavior during an economic collapse: evidence from Iceland," Review of Economics of the Household, Springer, vol. 13(4), pages 975-1001, December.
    2. Richard Bookstaber & Mark Paddrik & Brian Tivnan, 2018. "An agent-based model for financial vulnerability," Journal of Economic Interaction and Coordination, Springer;Society for Economic Science with Heterogeneous Interacting Agents, vol. 13(2), pages 433-466, July.
    3. Thomas R. Berry-Stölzle & Robert E. Hoyt & Sabine Wende, 2013. "Capital Market Development, Competition, Property Rights, and the Value of Insurer Product-Line Diversification: A Cross-Country Analysis," Journal of Risk & Insurance, The American Risk and Insurance Association, vol. 80(2), pages 423-459, June.
    4. Thorhildur Ólafsdóttir & Birgir Hrafnkelsson & Tinna Ásgeirsdóttir, 2015. "The Icelandic economic collapse, smoking, and the role of labor-market changes," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 16(4), pages 391-405, May.
    5. Mr. Martin Cihak & Ms. Li L Ong, 2010. "Of Runes and Sagas: Perspectives on Liquidity Stress Testing Using an Iceland Example," IMF Working Papers 2010/156, International Monetary Fund.

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