01687cas a2200241 a 4500 AALejournalIMF005494 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451819373 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Iceland : Request for Stand-By Arrangement; Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Iceland. Washington, D.C. : International Monetary Fund, 2008. 1 online resource (87 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines key findings of Iceland's Request for a Stand-By Arrangement from the IMF. Iceland's economy is in the midst of a banking crisis of extraordinary proportions that is expected to lead to a deep recession, a sharp rise in the fiscal deficit, and a dramatic surge in public sector debt, reflecting a high fiscal cost of restructuring the banking system. The virtual collapse of the on-shore foreign exchange market poses a serious and immediate risk to the economy considering its high import dependence. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2008/362 Full text available on IMF http://elibrary.imf.org/view/journals/002/2008/362/002.2008.issue-362-en.xml IMF e-Library