Narrow Your Choices

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Europe > Iceland

You are looking at 1 - 9 of 9 items for :

  • Type: Journal Issue x
Clear All Modify Search
Cover Finance & Development
Finance & Development, March 2019
International Monetary Fund. Communications Department
This issue of Finance & Development discusses need of empowering women, which is critical for the world’s economy and people. Unequal or unfair treatment can marginalize women and hinder their participation as productive individuals contributing to society and the economy in invaluable ways. The rich tapestry of organizations and individuals who can make a difference to ensure women have equal opportunities; there is a crucial role for policymakers. They can use their positions to design policies that help women and girls’ access what they need for a fulfilling life—including education, health services, safe transportation, legal protection against harassment, finance, and flexible working arrangements. The IMF recommends these kinds of policy measures to its member countries—and works with many governments to examine how policies affect women. The IMF’s 189 member countries face many different challenges, but empowering women remains a common denominator and a global imperative for all those who care about fairness and diversity, but also productivity and growth of societies and economies that are more inclusive.
Keywords:
FD; F&D; economy; worker; gender equality; gender wrong; garment factory workforce; authorities in Africa; IMF's expertise; citizenship law; AI skill; Women; Gender inequality; Minimum wages; Gender diversity; Income inequality; Global; Africa; South Asia; Europe; Middle East; North Africa; Labor force participation; class AnalystIn; gender DiversityThe; costs of Unpaid CaregivingBanking
Cover Finance & Development
Finance & Development, March 2019
International Monetary Fund. Communications Department
Finance and Development
Keywords:
FD; F&D; economy; worker; gender equality; gender wrong
Cover Finance & Development
Finance & Development, March 2019
International Monetary Fund. Communications Department
Finance and Development
Keywords:
FD; F&D; economy; worker; gender equality; gender wrong
Cover Finance & Development
Finance & Development, March 2019
International Monetary Fund. Communications Department
Finance and Development
Keywords:
FD; F&D; economy; worker; gender equality; gender wrong
Cover Finance & Development
Finance & Development, March 2019
International Monetary Fund. Communications Department
Finance and Development
Keywords:
FD; F&D; economy; worker; gender equality; gender wrong
Cover IMF Staff Country Reports
Iceland: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Iceland
International Monetary Fund. European Dept.
This paper provides an assessment of the economic conditions, outlook, and crises in Iceland. There is a mounting sense that capital controls hurt growth prospects, repressing local financial markets, scaring foreign investors, and impeding savings diversification, and that it is time for them to go. Recent settlements with the bank estates are a huge step forward, improving already favorable macroeconomic conditions. At 4 percent in 2015 and gaining pace, real GDP expansion is among the fastest growing in Europe, opening up a positive output gap. However, the biggest risk for Iceland is overheating. Large wage awards on top of already hot economic readings speak to Iceland’s boom-bust history.
Keywords:
ISCR; CR; Iceland; right; CBI governor; IMF staff projection; CBI transactions; inflation expectation; baseline projection; asset price pressure; Bank supervision; Capital account liberalization; Capital controls; Wages; Global; Europe
Cover IMF Staff Country Reports
Iceland: Sixth Post-Program Monitoring Discussions
International Monetary Fund. European Dept.
This paper discusses the recommendations of the Sixth Post-program Monitoring Discussions with Iceland. Iceland recently updated its capital account liberalization strategy. The strategy takes a staged approach, starting with steps to address the balance-of-payments overhang of the old bank estates—prioritizing a cooperative approach with incentives—in a manner consistent with maintaining stability. Growth is accelerating in 2015 and is expected to reach 4.1 percent, backed by significant investment, wage- and debt relief-fueled consumption, and booming tourism. The general government is projected to record a surplus of 0.8 percent of GDP in 2015, helped by large one-offs. Small deficits are also expected over 2016–20.
Keywords:
ISCR; CR; inflation expectation; liberalization; liberalization strategy; capital account liberalization strategy; anchor inflation expectation; wage agreement; net export; Capital account liberalization; Wages; Income; Gender budgeting; Global
Cover IMF Staff Papers
IMF Staff papers: Volume 37 No. 4
International Monetary Fund. Research Dept.
The transition strategy from administratively set interest rates to market rates is discussed. Despite worldwide trends toward financial liberalization, few monetary authorities are prepared to accept as reasonable any interest rate level that is market determined. The paper suggests some helpful indicators to assess the adequacy of interest rates and discusses factors that contribute to a smooth liberalization process. The main conclusion is that interest rate liberalization is not synonymous with laissez-faire policies, but requires the replacement of the administratively set interest rates by indirect monetary management techniques that operate through the market.
Keywords:
SP; interest rate equation; interest rate; deficit; deficit variable; expenditure competition strategy; yield differential; effects of deficit; Demand for money; Consumption; Exchange rates; Interest rate policy; Labor markets; Europe; Sub-Saharan Africa
Cover IMF Staff Papers
IMF Staff papers: Volume 33 No. 1
International Monetary Fund. Research Dept.
This paper begins by describing the basic concepts of Islamic banking, focusing on the issue of elimination of the rate of interest from the system. Islam expressly prohibits a fixed or predetermined return on financial transactions but allows uncertain rates of return deriving from risk-taking activities. Consequently, a banking structure in which the return for the use of money fluctuates according to actual profits made from such use would be consistent with the precepts of Islam. The paper concludes that from an economic standpoint the principal difference between the Islamic and the traditional banking systems is not that one allows interest payments and the other does not. The more relevant distinction is that the Islamic system treats deposits as shares and accordingly does not guarantee their nominal value, whereas in the traditional system such deposits are guaranteed either by the banks or by the government.
Keywords:
SP; export earnings; commodity price; indexation rule; traded goods; price level; Export earnings; Commodity prices; Real exchange rates; Commodity price fluctuations; Deposit rates; Global; West Africa; Europe