Iceland: Selected Issues and Statistical Appendix

June 12, 2001

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Format: Chicago

Iceland: Selected Issues and Statistical Appendix, (USA: International Monetary Fund, 2001) accessed December 21, 2024

Summary

The abolition of the fluctuation bands by the Icelandic government is seen as the final step of a consistent and gradual move toward increased exchange rate flexibility. Supplemented by the adoption of an inflation targeting regime, the new monetary policy framework should suit Iceland better. Iceland's new monetary policy framework has been introduced against a backdrop of a sound legal environment. The institutional and operational framework of the inflation targeting regime is well defined. The statistical data on the economic indices of Iceland are presented.

Subject: Exchange rate arrangements, Exchange rate flexibility, Exchange rates, Foreign exchange, Inflation, Inflation targeting, Monetary policy, Prices

Keywords: Adjustable peg, Africa, Australia and New Zealand, CR, Exchange rate arrangements, Exchange rate flexibility, Exchange rates, Global, Government, Inflation, Inflation projection, Inflation rate, Inflation targeting, Inflation-deflation cycle, ISCR, Monetary policy, Rigid exchange rate peg, Supply shock, Transmission mechanism

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/082
Stock No:

1ISLEA0022001
ISBN:

9781451819250
ISSN:

1934-7685

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