Iceland was a high inflation country from the second half of the seventies and until the middle of the eighties. During the middle of the nineties inflation in Iceland, at less than 2% p.a., was among the lowest in the OECD. In this paper we analyse the roots of high inflation in Iceland and the...

Iceland was a high inflation country from the second half of the seventies and until the middle of the eighties. During the middle of the nineties inflation in Iceland, at less than 2% p.a., was among the lowest in the OECD. In this paper we analyse the roots of high inflation in Iceland and the...

This paper analysis the appropriate exchange rate arrangement for Iceland, given its structural characteristics, on the one hand, and the need for a credible nominal anchor for monetary policy, on the other. It also discusses the current regime of a currency peg, its rationale, its success in...

A big currency area is likely to have small states on its fringes that are strongly influenced by the monetary policy pursued by that area. Many of these countries will choose to peg their exchange rates to the currency of the big area and even go as far as to adopt that currency as a legal...

On February 12, 2010, SUERF, the Oesterreichische Nationalbank and the Bankwissenschaftliche Gesellschaft continued their established tradition of jointly organised conferences. As evidenced also by the 115 conference participants, this year's subject of "Contagion and Spillovers – New...

Integrationsprocessen inom Europa får via Maastrichtavtalet långtgående konsekvenser för de nordiska centralbankerna oavsett de strategiska valen. Förändringstrycket uppstår de Jaeta pga att de nordiska ländema inte kan agera i isolation från utvecklingen i den omedelbara omvärlden....