Spain: Selected Issues

International Monetary Fund

No 2011/216, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; Spain; savings bank; deficit; GDP; inflation differential; savings bank sector; debt threshold; lag inflation; household debt; savings bank group; aggregate total factor productivity gap; Inflation; Commercial banks; Credit; Budget planning and preparation; Global; Europe (search for similar items in EconPapers)
Pages: 113
Date: 2011-07-29
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Citations: View citations in EconPapers (2)

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