Working paper on variance decomposition of index-linked bond returns
The author, Francis Breedon, professor at the Queen Mary University in London, uses variance decomposition to analyse returns on index-lined bonds in Iceland, US and UK.
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Decision by ESÍ ehf. Board regarding loans to holders of guarantee capital in Sparisjóður Svarfdæla
The Board of the Central Bank of Iceland Holding Company ehf. (ESÍ) has decided to cancel claims against holders of guarantee capital in Sparisjóður Svarfdæla, which ESÍ owns through Hilda hf.
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Central Bank of Iceland offers to purchase euros
The Central Bank of Iceland is offering to purchase euros in exchange for Icelandic krónur for long-term investment in the Icelandic economy, or in exchange for payment in Treasury bond series RIKS 30 0701. The two auctions are an element in the removal of restrictions on movement of capital as set forth in the Bank’s capital account liberalisation strategy of 25 March 2011, and in the Bank’s Terms of foreign exchange transactions according to the Investment Programme for capital account liberalisation, dated 18 November 2011.
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Last tranche of Nordic loans disbursed to Iceland
Bilateral loans between the Nordic countries and Iceland were negotiated in connection with the Icelandic authorities’ IMF-supported economic programme, which was concluded in 2011. On 30 December 2011, the last tranche of these loans was paid to Iceland. The loans in question total 887.5 million euros (approximately 141 b.kr. at the current exchange rate), which will be added to the Central Bank of Iceland’s foreign exchange reserves. Of that amount, the Treasury is borrowing 647.5 million euros (roughly 103 b.kr.) from Denmark, Finland, and Sweden, and the Central Bank of Iceland is borrowing 240 million euros (about 38 b.kr.) from Norges Bank.
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