- Gonzalo Pastor, Thierry Pujol, and Michel Galy
- Published Date:
- January 1993
© 1993 International Monetary Fund
Cataloging-in Publication Data
Galy, Michel (Michel Andre)
Spain : converging with the European Community / Michel Galy, Gonzalo Pastor, and Thierry Pujol.—Washington, DC : International Monetary Fund, 1993.
p. cm.—(Occasional paper ; 101)
Includes bibliographical references.
1. Spain—Economic policy. 2. Spain—Economic conditions—1918-1975. 3. Spain—Economic conditions—1975- 4. European Economic Community—Spain. I. Pastor, Gonzalo C. (Gonzalo Carlos), 1957- II. Pujol, Thierry. III. Title. IV. Series : Occasional paper (International Monetary Fund) ; no. 101.
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The following symbols have been used throughout this paper:
… to indicate that data are not available;
— to indicate that the figure is zero or less than half the final digit shown, or that the item does not exist;
– between years or months (e.g., 1991–92 or January–June) to indicate the years or months covered, including the beginning and ending years or months;
/ between years (e.g., 1991/92) to indicate a crop or fiscal (financial) year.
“Billion” means a thousand million.
Minor discrepancies between constituent figures and totals are due to rounding.
The term “country,” as used in this paper, does not in all cases refer to a territorial entity that is a state as understood by international law and practice; the term also covers some territorial entities that are not states, but for which statistical data are maintained and provided internationally on a separate and independent basis.
This Occasional Paper is based on studies initially made for the 1990 and 1991 Article IV consultation discussions with Spain and, therefore, does not reflect some of the developments thereafter. The authors are grateful to the Spanish authorities for their cooperation in this project. The authors would like to thank Jan van Houten for his encouragement and support of this project and Erich Spitäller for his valuable comments on first drafts of the study. Thanks are due to Patrick de Fontenay and John Odling-Smee who led the 1990 and 1991 IMF consultation missions to Spain, respectively. Special thanks are also due to Lisbeth Kiuru and Valerie Ball for secretarial support, as well as to Jim Rhee and Binta Terrier for research assistance. The authors are much indebted to Juanita Roushdy of the External Relations Department for her professional assistance in editing and coordinating the publication of this paper. The opinions expressed here, as well as any errors, are those of the authors and should not be construed as representing the views of the Spanish authorities, Executive Directors of the IMF, or other members of the IMF staff.