01607cas a2200241 a 4500 AALejournalIMF006759 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455208548 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Iceland : Selected Issues Paper. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (55 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 In this study, during 2008, the financial crisis lead Iceland's public debt to soar from under 30 percent of GDP to more than 100 percent of GDP, and while underlying external debt came down sharply, it remains elevated at close to 300 percent of GDP. First, external sustainability is overviewed, and second, growth of Iceland's economy has been challenged, and finally, fiscal adjustments and its macroeconomic impacts are overviewed. Traditional external debt sustainability analysis (DSA) suggests that Iceland's external debt is sustainable but is vulnerable to depreciation shock. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2010/304 Full text available on IMF http://elibrary.imf.org/view/journals/002/2010/304/002.2010.issue-304-en.xml IMF e-Library