Iceland | Claims on central government (annual growth as % of broad money)

Claims on central government (IFS line 32AN..ZK) include loans to central government institutions net of deposits. Limitations and exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries. Statistical concept and methodology: The banking system's assets include its net foreign assets and net domestic credit. Net domestic credit includes credit extended to the private sector and general government and credit extended to the nonfinancial public sector in the form of investments in short- and long-term government securities and loans to state enterprises; liabilities to the public and private sectors in the form of deposits with the banking system are netted out. Net domestic credit also includes credit to banking and nonbank financial institutions. Domestic credit is the main vehicle through which changes in the money supply are regulated, with central bank lending to the government often playing the most important role. The central bank can regulate lending to the private sector in several ways - for example, by adjusting the cost of the refinancing facilities it provides to banks, by changing market interest rates through open market operations, or by controlling the availability of credit through changes in the reserve requirements imposed on banks and ceilings on the credit provided by banks to the private sector.
Publisher
The World Bank
Origin
Republic of Iceland
Records
63
Source
Iceland | Claims on central government (annual growth as % of broad money)
1960
1961 7.86516854
1962 1.10843373
1963 -2.5433526
1964 3.00859599
1965 -3.03428581
1966 -4.11423981
1967 8.7277781
1968 2.09438677
1969 -0.73678997
1970 -3.12293836
1971 -5.75555813
1972 -1.24338523
1973 2.42668871
1974 6.59098559
1975 19.4428585
1976 1.44446289
1977 -0.23741097
1978 1.17483785
1979 -2.19992857
1980 2.87833669
1981 -3.0729181
1982 -2.94339472
1983 9.41096866
1984 2.67505172
1985 9.88056397
1986 -2.19167755
1987 7.30900449
1988 9.5493969
1989 7.62357031
1990 4.00133385
1991 2.7613659
1992 -1.8857477
1993 6.78046829
1994 2.4585507
1995 -7.50370567
1996 -3.96471354
1997 0.03613109
1998 -9.46621682
1999 -1.05095312
2000 -1.33641554
2001 -3.39890374
2002 1.80836586
2003 1.72520097
2004 -1.69509395
2005 -9.81235313
2006 -19.01380869
2007 0.46053373
2008 5.65747989
2009 5.31781022
2010 0.30065146
2011 -6.53506585
2012 1.85633167
2013 4.88831273
2014 -13.79905825
2015 7.45522979
2016 2.76435785
2017 0.90630824
2018 -7.14947757
2019 -1.52564333
2020 -1.2053131
2021 -0.26590523
2022 2.0864005

Iceland | Claims on central government (annual growth as % of broad money)

Claims on central government (IFS line 32AN..ZK) include loans to central government institutions net of deposits. Limitations and exceptions: Monetary accounts are derived from the balance sheets of financial institutions - the central bank, commercial banks, and nonbank financial intermediaries. Although these balance sheets are usually reliable, they are subject to errors of classification, valuation, and timing and to differences in accounting practices. For example, whether interest income is recorded on an accrual or a cash basis can make a substantial difference, as can the treatment of nonperforming assets. Valuation errors typically arise for foreign exchange transactions, particularly in countries with flexible exchange rates or in countries that have undergone currency devaluation during the reporting period. The valuation of financial derivatives and the net liabilities of the banking system can also be difficult. The quality of commercial bank reporting also may be adversely affected by delays in reports from bank branches, especially in countries where branch accounts are not computerized. Thus the data in the balance sheets of commercial banks may be based on preliminary estimates subject to constant revision. This problem is likely to be even more serious for nonbank financial intermediaries. Statistical concept and methodology: The banking system's assets include its net foreign assets and net domestic credit. Net domestic credit includes credit extended to the private sector and general government and credit extended to the nonfinancial public sector in the form of investments in short- and long-term government securities and loans to state enterprises; liabilities to the public and private sectors in the form of deposits with the banking system are netted out. Net domestic credit also includes credit to banking and nonbank financial institutions. Domestic credit is the main vehicle through which changes in the money supply are regulated, with central bank lending to the government often playing the most important role. The central bank can regulate lending to the private sector in several ways - for example, by adjusting the cost of the refinancing facilities it provides to banks, by changing market interest rates through open market operations, or by controlling the availability of credit through changes in the reserve requirements imposed on banks and ceilings on the credit provided by banks to the private sector.
Publisher
The World Bank
Origin
Republic of Iceland
Records
63
Source