Spain: Converging with the European Community

Gonzalo Pastor Campos, Thierry Pujol and Michel Galy

No 1993/001, IMF Occasional Papers from International Monetary Fund

Abstract: Spain's participation in European integration has strengthened its policymaking credibility and created an enviroment conducive to sustainable economic growth. Over the last decade, Spain has seen improvements in inflation, output, employment, and its balance of payments, and it has substantially reformed its product, labor, and financial markets. This paper reviews Spain's past economic performance and sees good prospects for further rises in living standards

Keywords: OP; market; government; transition process; exchange rate.; income; income tax; core EC country; regional government; EC country; policy credibility; fiscal decentralization process; Commercial banks; Income tax systems; Income and capital gains taxes; Total expenditures; Europe; Global (search for similar items in EconPapers)
Pages: 65
Date: 1993-01-15
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