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I Introduction

I Introduction »

Source: Spain : Converging with the European Community

Series: Occasional Papers

Author(s): Gonzalo Pastor , Thierry Pujol , and Michel Galy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 1993

ISBN: 9781557753199

Keywords: regional governments, inflation, banking, central bank, taxation

In the wake of the European single market, Spain can look back on a decade of broad improvements in inflation, output, employment, and the external accounts. Its product, labor, and financial markets are sub...

II Opening Up of the Spanish Economy in the Context of EC Integration

II Opening Up of the Spanish Economy in the Context of EC Integration »

Source: Spain : Converging with the European Community

Series: Occasional Papers

Author(s): Gonzalo Pastor , Thierry Pujol , and Michel Galy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 1993

ISBN: 9781557753199

Keywords: regional governments, inflation, banking, central bank, taxation

Spain’s EC membership dates back to January 1986. Since then, it has implemented important structural and financial reforms to open up its economy in accordance with EC directives and to meet the challenges...

III Financial Liberalization in Spain

III Financial Liberalization in Spain »

Source: Spain : Converging with the European Community

Series: Occasional Papers

Author(s): Gonzalo Pastor , Thierry Pujol , and Michel Galy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 1993

ISBN: 9781557753199

Keywords: regional governments, inflation, banking, central bank, taxation

Gonzalo Pastor In keeping with international trends toward financial liberalization, the Spanish financial system has moved away from tight regulation and protection. This pro...

IV External Constraints on Monetary Management

IV External Constraints on Monetary Management »

Source: Spain : Converging with the European Community

Series: Occasional Papers

Author(s): Gonzalo Pastor , Thierry Pujol , and Michel Galy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 1993

ISBN: 9781557753199

Keywords: regional governments, inflation, banking, central bank, taxation

The experience of the 1970s and 1980s has demonstrated that the theory according to which free floating exchange rates would allow governments to orient their instruments of monetary policy toward domestic e...

Spain
			: Converging with the European Community

Spain : Converging with the European Community »

Series: Occasional Papers

Author(s): Gonzalo Pastor , Thierry Pujol , and Michel Galy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 1993

DOI: http://dx.doi.org/10.5089/9781557753199.084

ISBN: 9781557753199

Keywords: regional governments, inflation, banking, central bank, taxation

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 i...

Back Matter

Back Matter »

Source: Spain : Converging with the European Community

Series: Occasional Papers

Author(s): Gonzalo Pastor , Thierry Pujol , and Michel Galy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 1993

ISBN: 9781557753199

Keywords: regional governments, inflation, banking, central bank, taxation

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 i...

Front Matter

Front Matter »

Source: Spain : Converging with the European Community

Series: Occasional Papers

Author(s): Gonzalo Pastor , Thierry Pujol , and Michel Galy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 1993

ISBN: 9781557753199

Keywords: regional governments, inflation, banking, central bank, taxation

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 i...

V Personal Income Tax Reform

V Personal Income Tax Reform »

Source: Spain : Converging with the European Community

Series: Occasional Papers

Author(s): Gonzalo Pastor , Thierry Pujol , and Michel Galy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 1993

ISBN: 9781557753199

Keywords: regional governments, inflation, banking, central bank, taxation

On June 7, 1991, the Spanish Parliament approved a reform of the personal income tax with effect from January 1, 1992. The guidelines of the reform are similar to those implemented in other industrial countr...

VI Fiscal Decentralization in Spain

VI Fiscal Decentralization in Spain »

Source: Spain : Converging with the European Community

Series: Occasional Papers

Author(s): Gonzalo Pastor , Thierry Pujol , and Michel Galy

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 15 January 1993

ISBN: 9781557753199

Keywords: regional governments, inflation, banking, central bank, taxation

Fiscal decentralization is rather a new phenomenon in Spain. In contrast to recent developments in other countries of the Organization of Economic Cooperation and Development (OECD) where governments have em...