IMF Staff Country Reports

Spain: Selected Issues

July 29, 2011

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Spain: Selected Issues, (USA: International Monetary Fund, 2011) accessed September 19, 2024

Summary

Rebalancing in Spain’s private sector is under way, but with more modest progress on reducing stocks. Spain is subject to significant spending pressures, reflecting unfavorable demographic trends and subdued growth prospects, and will require substantial structural reform. Priority reforms are needed to strengthen its fiscal framework. The study tries to infer the potential impact of the ongoing integration process on bank efficiency based on preconsolidation bank data. The reforms, such as those recently implemented, of employment protection and collective bargaining could help improve Spain’s inflation performance.

Subject: Banking, Budget planning and preparation, Commercial banks, Credit, External debt, Financial institutions, Inflation, Money, Prices, Public financial management (PFM)

Keywords: Aggregate total factor productivity gap, Budget planning and preparation, Commercial banks, CR, Credit, Debt threshold, Deficit, Europe, GDP, Global, Household debt, Inflation, Inflation differential, ISCR, Lag inflation, Savings bank, Savings bank group, Savings bank sector, Spain

Publication Details

  • Pages:

    113

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2011/216

  • Stock No:

    1ESPEA2011002

  • ISBN:

    9781462340545

  • ISSN:

    1934-7685