Iceland : Stand-By Arrangement: Interim Review Under the Emergency Financing Mechanism

Stand-By Arrangement: Interim Review Under the Emergency Financing Mechanism

Iceland : Stand-By Arrangement: Interim Review Under the Emergency Financing Mechanism
This paper describes the Stand-By Arrangement for Iceland under the Emergency Financing Mechanism. The crisis is producing a sharp contraction of economic activity. Indicators of consumption are plummeting, and the deterioration in the labor market is accelerating, with rising unemployment and falling real wages contributing to a considerable READ MORE...

Publication date: February 2009
ISBN 9781451819403
$18.00

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