Vol. 5 no. 4 November 2003
Introduction
Interest rate rises on the horizon
Economic and monetary developments and prospects
Output growth will pick up, creating a positive output gap by 2005
Financial markets and Central Bank measures
Exchange rate less volatile
Financial stability
The position of the financial system is sound, but has not strengthened
Birgir Ísl. Gunnarsson
The Central Bank and monetary policy
Hallgrímur Ásgeirsson
Financial collateral arrangements
Monetary policy and instruments
Prudential regulation on liquidity ratio and foreign exchange balance