01686cas a2200241 a 4500 AALejournalIMF011807 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475503135 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Iceland : Ex Post Evaluation of Exceptional Access Under the 2008 Stand-by Arrangement. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (33 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 The ex-post evaluation of Iceland's Exceptional Access under the 2008 Stand-By Arrangement is presented. In the wake of the global financial crisis in late 2008, Iceland has experienced a deep financial and economic crisis of its own. Domestically, the rapid increase in lending fuelled bubbles in all asset classes, particularly the stock market and real estate. Inflated asset prices and nontransparent cross-financing and related party lending between banks and holding companies helped mask poor asset quality and facilitated the financing of credit expansion by borrowing abroad, increasing vulnerability. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2012/091 Full text available on IMF http://elibrary.imf.org/view/journals/002/2012/091/002.2012.issue-091-en.xml IMF e-Library