Central Bank of Iceland Financial Stability Reports 2006–8

Robert Z. Aliber and Gylfi Zoega
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Robert Z. Aliber: University of Chicago
Gylfi Zoega: University of Iceland

Chapter 6 in Preludes to the Icelandic Financial Crisis, 2011, pp 54-73 from Palgrave Macmillan

Abstract: Abstract The finding of the Central Bank’s previous Financial Stability report, in 2005, was that in spite of rapid expansion and the macroeconomic imbalances that needed to be tackled in the coming years, the Icelandic financial system was broadly sound. In the present report this overall finding is unchanged, but more challenging waters clearly lie ahead. The adjustment to changed conditions has already begun. It is important to keep a firm course and exercise caution in all respects.

Keywords: Interest Rate; House Price; Commercial Bank; Credit Rating; Financial Stability (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30714-8_6

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DOI: 10.1057/9780230307148_6

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