Volume/Issue: 2021/020
Series: IMF Working Papers
Author(s):
Luis Cubeddu
,
Swarnali Hannan
, and
Pau Rabanal
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
29
January
2021
ISBN: 9781513568102
Building on the vast literature, this paper focuses on the role of the structure of the international investment position (IIP) in affecting countries' external vulnerabilities. Using a sample of 73 advanced and em...
Volume/Issue: 2021/020
Series: IMF Working Papers
Author(s):
Luis Cubeddu
,
Swarnali Hannan
, and
Pau Rabanal
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
29
January
2021
DOI: http://dx.doi.org/10.5089/9781513568102.001
ISBN: 9781513568102
Building on the vast literature, this paper focuses on the role of the structure of the international investment position (IIP) in affecting countries' external vulnerabilities. Using a sample of 73 advanced and em...
Volume/Issue: 2020/293
Series: IMF Working Papers
Author(s):
Francisco Roldán
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
18
December
2020
ISBN: 9781513564739
Sovereign debt crises coincide with deep recessions. I propose a model of sovereign debt that rationalizes large contractions in economic activity via an aggregate-demand amplification mechanism. The mechanism also...
Volume/Issue: 2020/293
Series: IMF Working Papers
Author(s):
Francisco Roldán
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
18
December
2020
DOI: http://dx.doi.org/10.5089/9781513564739.001
ISBN: 9781513564739
Sovereign debt crises coincide with deep recessions. I propose a model of sovereign debt that rationalizes large contractions in economic activity via an aggregate-demand amplification mechanism. The mechanism also...
Volume/Issue: 192020/298
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2020
ISBN: 9781513561004
COVID-19 impact. The pandemic has hit Spain's society and economy severely following five years of strong job-rich growth. A large service sector dominated by SMEs, importance of tourism, and widespread use of temp...
Volume/Issue: 192020/298
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2020
DOI: http://dx.doi.org/10.5089/9781513561004.002
ISBN: 9781513561004
COVID-19 impact. The pandemic has hit Spain's society and economy severely following five years of strong job-rich growth. A large service sector dominated by SMEs, importance of tourism, and widespread use of temp...
Volume/Issue: 192020/299
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2020
DOI: http://dx.doi.org/10.5089/9781513560984.002
ISBN: 9781513560984
The COVID-19 pandemic will exacerbate Spain's already large inclusion gap. Responding in the
recovery with policies that support social objectives should be a key priority and calls for several
structural changes....
Volume/Issue: 192020/298
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2020
ISBN: 9781513561004
COVID-19 impact. The pandemic has hit Spain's society and economy severely following five years of strong job-rich growth. A large service sector dominated by SMEs, importance of tourism, and widespread use of temp...
Volume/Issue: 192020/299
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2020
ISBN: 9781513560984
The COVID-19 pandemic will exacerbate Spain's already large inclusion gap. Responding in the
recovery with policies that support social objectives should be a key priority and calls for several
structural changes....
Volume/Issue: 192020/299
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2020
ISBN: 9781513560984
The COVID-19 pandemic will exacerbate Spain's already large inclusion gap. Responding in the
recovery with policies that support social objectives should be a key priority and calls for several
structural changes....
Volume/Issue: 192020/299
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2020
ISBN: 9781513560984
The COVID-19 pandemic will exacerbate Spain's already large inclusion gap. Responding in the
recovery with policies that support social objectives should be a key priority and calls for several
structural changes....
Volume/Issue: 192020/299
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2020
ISBN: 9781513560984
The COVID-19 pandemic will exacerbate Spain's already large inclusion gap. Responding in the
recovery with policies that support social objectives should be a key priority and calls for several
structural changes....
Volume/Issue: 192020/298
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2020
ISBN: 9781513561004
COVID-19 impact. The pandemic has hit Spain's society and economy severely following five years of strong job-rich growth. A large service sector dominated by SMEs, importance of tourism, and widespread use of temp...
Volume/Issue: 192020/298
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2020
ISBN: 9781513561004
COVID-19 impact. The pandemic has hit Spain's society and economy severely following five years of strong job-rich growth. A large service sector dominated by SMEs, importance of tourism, and widespread use of temp...
Volume/Issue: 192020/298
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2020
ISBN: 9781513561004
COVID-19 impact. The pandemic has hit Spain's society and economy severely following five years of strong job-rich growth. A large service sector dominated by SMEs, importance of tourism, and widespread use of temp...
Volume/Issue: 2020/67
Series: IMF Working Papers
Author(s):
Juliana Araujo
,
Manasa Patnam
,
Adina Popescu
,
Fabian Valencia
, and
Weijia Yao
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
22
May
2020
ISBN: 9781513545400
This paper builds a novel database on the effects of macroprudential policy drawing from 58 empirical studies, comprising over 6,000 results on a wide range of instruments and outcome variables. It encompasses info...
Volume/Issue: 2020/67
Series: IMF Working Papers
Author(s):
Juliana Araujo
,
Manasa Patnam
,
Adina Popescu
,
Fabian Valencia
, and
Weijia Yao
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
22
May
2020
DOI: http://dx.doi.org/10.5089/9781513545400.001
ISBN: 9781513545400
This paper builds a novel database on the effects of macroprudential policy drawing from 58 empirical studies, comprising over 6,000 results on a wide range of instruments and outcome variables. It encompasses info...
Volume/Issue: 2020/29
Series: IMF Working Papers
Author(s):
Ara Stepanyan
, and
Jorge Salas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
February
2020
ISBN: 9781513526874
Spain's structural reforms, implemented around 2012, have arguably contributed to a faster and stronger economic recovery. In particular, there is strong evidence that the 2012 labor market reforms increased wage f...
Volume/Issue: 2020/29
Series: IMF Working Papers
Author(s):
Ara Stepanyan
, and
Jorge Salas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
February
2020
DOI: http://dx.doi.org/10.5089/9781513526874.001
ISBN: 9781513526874
Spain's structural reforms, implemented around 2012, have arguably contributed to a faster and stronger economic recovery. In particular, there is strong evidence that the 2012 labor market reforms increased wage f...
Volume/Issue: 2020/16
Series: IMF Working Papers
Author(s):
Svetlana Vtyurina
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
January
2020
ISBN: 9781513526003
Spain is experiencing sustained economic and social disparities in several areas. Social spending policies have a heightened responsibility to respond but are challenged by high public debt and pressures from an ag...
Volume/Issue: 2020/16
Series: IMF Working Papers
Author(s):
Svetlana Vtyurina
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
January
2020
DOI: http://dx.doi.org/10.5089/9781513526003.001
ISBN: 9781513526003
Spain is experiencing sustained economic and social disparities in several areas. Social spending policies have a heightened responsibility to respond but are challenged by high public debt and pressures from an ag...
Volume/Issue: 2019/224
Series: IMF Working Papers
Author(s):
Romain Bouis
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
11
October
2019
ISBN: 9781513512952
This paper studies the relationship between banks' holdings of domestic sovereign securities and credit growth to the private sector in emerging market and developing economies. Higher banks' holdings of government...
Volume/Issue: 2019/224
Series: IMF Working Papers
Author(s):
Romain Bouis
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
11
October
2019
DOI: http://dx.doi.org/10.5089/9781513512952.001
ISBN: 9781513512952
This paper studies the relationship between banks' holdings of domestic sovereign securities and credit growth to the private sector in emerging market and developing economies. Higher banks' holdings of government...
Volume/Issue: 2018/283
Series: IMF Working Papers
Author(s):
Jorge Salas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
December
2018
ISBN: 9781484386941
Spain's export performance strengthened after the global financial crisis, and exports now represent more than a third of GDP. This paper argues that several factors contributed to that achievement: external demand...
Volume/Issue: 2018/283
Series: IMF Working Papers
Author(s):
Jorge Salas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
December
2018
DOI: http://dx.doi.org/10.5089/9781484386941.001
ISBN: 9781484386941
Spain's export performance strengthened after the global financial crisis, and exports now represent more than a third of GDP. This paper argues that several factors contributed to that achievement: external demand...
Volume/Issue: 2018/282
Series: IMF Working Papers
Author(s):
Lucy Qian Liu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
December
2018
DOI: http://dx.doi.org/10.5089/9781484387764.001
ISBN: 9781484387764
This paper studies the main factors that explain the low regional mobility in Spain, with a view to identifying policy options at the regional and central level to promote labor mobility. The empirical analysis fin...
Volume/Issue: 2018/282
Series: IMF Working Papers
Author(s):
Lucy Qian Liu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
December
2018
ISBN: 9781484387764
This paper studies the main factors that explain the low regional mobility in Spain, with a view to identifying policy options at the regional and central level to promote labor mobility. The empirical analysis fin...
Volume/Issue: 2018/330
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
21
November
2018
ISBN: 9781484385715
Spain's economy has continued to grow strongly, reflecting its improved fundamentals. However, especially the young generation still faces daunting economic challenges. In the meantime, several downside risks are c...
Volume/Issue: 2018/330
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
21
November
2018
DOI: http://dx.doi.org/10.5089/9781484385715.002
ISBN: 9781484385715
Spain's economy has continued to grow strongly, reflecting its improved fundamentals. However, especially the young generation still faces daunting economic challenges. In the meantime, several downside risks are c...
Volume/Issue: 2018/331
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
21
November
2018
DOI: http://dx.doi.org/10.5089/9781484385753.002
ISBN: 9781484385753
This Selected Issues paper on Spain focuses on differences in regional productivity. Recent studies of income convergence among Spanish regions suggest that the convergence has been slow since 1980 reflecting persi...
Volume/Issue: 2018/331
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
21
November
2018
ISBN: 9781484385753
This Selected Issues paper on Spain focuses on differences in regional productivity. Recent studies of income convergence among Spanish regions suggest that the convergence has been slow since 1980 reflecting persi...
Volume/Issue: 2018/330
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
21
November
2018
ISBN: 9781484385715
Spain's economy has continued to grow strongly, reflecting its improved fundamentals. However, especially the young generation still faces daunting economic challenges. In the meantime, several downside risks are c...
Volume/Issue: 2018/330
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
21
November
2018
ISBN: 9781484385715
Spain's economy has continued to grow strongly, reflecting its improved fundamentals. However, especially the young generation still faces daunting economic challenges. In the meantime, several downside risks are c...
Volume/Issue: 2018/330
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
21
November
2018
ISBN: 9781484385715
Spain's economy has continued to grow strongly, reflecting its improved fundamentals. However, especially the young generation still faces daunting economic challenges. In the meantime, several downside risks are c...
Series: Regional Economic Outlook
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
November
2018
ISBN: 9781484375402
Activity continued to expand in the first half of 2018, but at a slower-than-expected pace, mainly in advanced Europe. The external environment has become less supportive, with slow...
Series: Regional Economic Outlook
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
November
2018
ISBN: 9781484375402
Economic activity continued to expand in the first half of 2018, albeit at a slower-than-expected pace, mainly in advanced Europe. Domestic demand, supported by stronger employment...
Series: Regional Economic Outlook
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
November
2018
ISBN: 9781484375402
This chapter documents the increasing use of macroprudential policies (MaPPs) in Europe in recent years to build financial resilience, contain general and sectoral credit growth, an...
Series: Regional Economic Outlook
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
November
2018
DOI: http://dx.doi.org/10.5089/9781484375402.086
ISBN: 9781484375402
Economic activity continued to expand
in the first half of 2018, albeit at a slower-than-expected pace, mainly in
advanced Europe. Domestic demand, supported by stronger employment and wages,
remains the main engin...
Series: Regional Economic Outlook
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
08
November
2018
ISBN: 9781484375402
Economic activity continued to expand
in the first half of 2018, albeit at a slower-than-expected pace, mainly in
advanced Europe. Domestic demand, supported by stronger employment and wages,
remains the main engin...
Volume/Issue: 2018/3
Series: Departmental Papers / Policy Papers
Author(s):
Helge Berger
,
Giovanni Dell'Ariccia
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
20
February
2018
DOI: http://dx.doi.org/10.5089/9781484340424.087
ISBN: 9781484340424
The paper makes an analytical contribution to the revived discussion about the euro area's institutional setup. After significant progress during the euro crisis, the drive to complete Europe's Economic and Monetar...
Volume/Issue: 2018/3
Series: Departmental Papers / Policy Papers
Author(s):
Helge Berger
,
Giovanni Dell'Ariccia
, and
Maurice Obstfeld
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
20
February
2018
ISBN: 9781484340424
The paper makes an analytical contribution to the revived discussion about the euro area's institutional setup. After significant progress during the euro crisis, the drive to complete Europe's Economic and Monetar...
Volume/Issue: 2017/341
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2017
DOI: http://dx.doi.org/10.5089/9781484327180.002
ISBN: 9781484327180
This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Spain in the areas of bank resolution and crisis management frameworks. The institutional framework in S...
Volume/Issue: 2017/339
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2017
DOI: http://dx.doi.org/10.5089/9781484327159.002
ISBN: 9781484327159
This Technical Note discusses the recommendations in the Financial Sector Assessment Program for Spain regarding determinants of bank profitability. Profitability remains higher for Spanish banks than for European...
Volume/Issue: 2017/343
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2017
DOI: http://dx.doi.org/10.5089/9781484327210.002
ISBN: 9781484327210
This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Spain in the areas of impaired assets and nonperforming loans (NPLs). The size of the problem assets var...
Volume/Issue: 2017/340
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2017
DOI: http://dx.doi.org/10.5089/9781484327166.002
ISBN: 9781484327166
This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Spain in the areas of insolvency and creditor rights. The regime for creditor and debtor rights largely...
Volume/Issue: 2017/337
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2017
DOI: http://dx.doi.org/10.5089/9781484327074.002
ISBN: 9781484327074
This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Spain regarding institutional arrangements for financial sector oversight. The macroprudential policy fr...
Volume/Issue: 2017/338
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2017
DOI: http://dx.doi.org/10.5089/9781484327104.002
ISBN: 9781484327104
This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Spain in the areas of insurance sector supervision and regulation. The Spanish insurance market is compl...
Volume/Issue: 2017/344
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2017
DOI: http://dx.doi.org/10.5089/9781484327227.002
ISBN: 9781484327227
This Technical Note discusses the findings of the Financial Sector Assessment Program about interconnectedness and spillover in Spain's financial system. Financial intermediaries in Spain are interconnected through...
Volume/Issue: 2017/342
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2017
DOI: http://dx.doi.org/10.5089/9781484327197.002
ISBN: 9781484327197
This Technical Note discusses the results of the stress testing of banking system resilience in Spain. The results indicate that some banks may have difficulty enduring additional pressures on their profitability....
Volume/Issue: 2017/345
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2017
DOI: http://dx.doi.org/10.5089/9781484327241.002
ISBN: 9781484327241
This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program (FSAP) for Spain in the area of banking supervision. Banking regulation and supervision of Spanish banks hav...
Volume/Issue: 2017/336
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2017
DOI: http://dx.doi.org/10.5089/9781484327050.002
ISBN: 9781484327050
This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Spain in the areas of systemic risk oversight framework and macroprudential policy. Macroprudential over...
Volume/Issue: 2017/345
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2017
ISBN: 9781484327241
This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program (FSAP) for Spain in the area of banking supervision. Banking regulation and supervision of Spanish banks hav...
Volume/Issue: 2017/339
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2017
ISBN: 9781484327159
This Technical Note discusses the recommendations in the Financial Sector Assessment Program for Spain regarding determinants of bank profitability. Profitability remains higher for Spanish banks than for European...
Volume/Issue: 2017/344
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2017
ISBN: 9781484327227
This Technical Note discusses the findings of the Financial Sector Assessment Program about interconnectedness and spillover in Spain's financial system. Financial intermediaries in Spain are interconnected through...
Volume/Issue: 2017/342
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2017
ISBN: 9781484327197
This Technical Note discusses the results of the stress testing of banking system resilience in Spain. The results indicate that some banks may have difficulty enduring additional pressures on their profitability....
Volume/Issue: 2017/338
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2017
ISBN: 9781484327104
This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Spain in the areas of insurance sector supervision and regulation. The Spanish insurance market is compl...
Volume/Issue: 2017/336
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2017
ISBN: 9781484327050
This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Spain in the areas of systemic risk oversight framework and macroprudential policy. Macroprudential over...
Volume/Issue: 2017/343
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2017
ISBN: 9781484327210
This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Spain in the areas of impaired assets and nonperforming loans (NPLs). The size of the problem assets var...
Volume/Issue: 2017/337
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2017
ISBN: 9781484327074
This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Spain regarding institutional arrangements for financial sector oversight. The macroprudential policy fr...
Volume/Issue: 2017/341
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2017
ISBN: 9781484327180
This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Spain in the areas of bank resolution and crisis management frameworks. The institutional framework in S...
Volume/Issue: 2017/340
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
13
November
2017
ISBN: 9781484327166
This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for Spain in the areas of insolvency and creditor rights. The regime for creditor and debtor rights largely...
Volume/Issue: 2017/319
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
06
October
2017
ISBN: 9781484323632
This 2017 Article IV Consultation highlights continued strong, balanced, and employment-intensive expansion of the Spanish economy during the first half of 2017; the recovery reached a significant milestone when re...
Volume/Issue: 2017/319
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
06
October
2017
DOI: http://dx.doi.org/10.5089/9781484323632.002
ISBN: 9781484323632
This 2017 Article IV Consultation highlights continued strong, balanced, and employment-intensive expansion of the Spanish economy during the first half of 2017; the recovery reached a significant milestone when re...
Volume/Issue: 2017/321
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
06
October
2017
DOI: http://dx.doi.org/10.5089/9781484323762.002
ISBN: 9781484323762
This paper assesses the stability of the Spanish financial system as a whole. Spain's banking system has been steadily progressing since the last Financial System Assessment Program. The authorities have made a sig...
Volume/Issue: 2017/320
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
06
October
2017
DOI: http://dx.doi.org/10.5089/9781484323700.002
ISBN: 9781484323700
This Selected Issues paper analyzes the challenges for the Spanish pension system. Spain's population, like those in many other advanced economies, is projected to age over the coming decades. Although projections...
Volume/Issue: 2017/321
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. Monetary and Capital Markets Department
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
06
October
2017
ISBN: 9781484323762
This paper assesses the stability of the Spanish financial system as a whole. Spain's banking system has been steadily progressing since the last Financial System Assessment Program. The authorities have made a sig...
Volume/Issue: 2017/320
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
06
October
2017
ISBN: 9781484323700
This Selected Issues paper analyzes the challenges for the Spanish pension system. Spain's population, like those in many other advanced economies, is projected to age over the coming decades. Although projections...
Volume/Issue: 2017/320
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
06
October
2017
ISBN: 9781484323700
This Selected Issues paper analyzes the challenges for the Spanish pension system. Spain's population, like those in many other advanced economies, is projected to age over the coming decades. Although projections...
Volume/Issue: 2017/320
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
06
October
2017
ISBN: 9781484323700
This Selected Issues paper analyzes the challenges for the Spanish pension system. Spain's population, like those in many other advanced economies, is projected to age over the coming decades. Although projections...
Volume/Issue: 2017/319
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
06
October
2017
ISBN: 9781484323632
This 2017 Article IV Consultation highlights continued strong, balanced, and employment-intensive expansion of the Spanish economy during the first half of 2017; the recovery reached a significant milestone when re...
Volume/Issue: 2017/319
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
06
October
2017
ISBN: 9781484323632
This 2017 Article IV Consultation highlights continued strong, balanced, and employment-intensive expansion of the Spanish economy during the first half of 2017; the recovery reached a significant milestone when re...
Volume/Issue: 2017/319
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
06
October
2017
ISBN: 9781484323632
This 2017 Article IV Consultation highlights continued strong, balanced, and employment-intensive expansion of the Spanish economy during the first half of 2017; the recovery reached a significant milestone when re...
Volume/Issue: 2017/319
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
06
October
2017
ISBN: 9781484323632
This 2017 Article IV Consultation highlights continued strong, balanced, and employment-intensive expansion of the Spanish economy during the first half of 2017; the recovery reached a significant milestone when re...
Volume/Issue: 2017/23
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
January
2017
ISBN: 9781475572612
This 2016 Article IV Consultation highlights that Spain's economy has continued its recovery. Real GDP expanded by 3.2 percent in 2015 with the same growth rate expected for 2016, despite a prolonged period of dome...
Volume/Issue: 2017/23
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
January
2017
DOI: http://dx.doi.org/10.5089/9781475572612.002
ISBN: 9781475572612
This 2016 Article IV Consultation highlights that Spain's economy has continued its recovery. Real GDP expanded by 3.2 percent in 2015 with the same growth rate expected for 2016, despite a prolonged period of dome...
Volume/Issue: 2017/24
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
January
2017
DOI: http://dx.doi.org/10.5089/9781475572766.002
ISBN: 9781475572766
This Selected Issues paper analyzes the drivers of firm productivity growth in Spain. Spain's weak productivity performance has been linked to the dominance of many low-productivity small firms and inefficient allo...
Volume/Issue: 2017/24
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
January
2017
ISBN: 9781475572766
This Selected Issues paper analyzes the drivers of firm productivity growth in Spain. Spain's weak productivity performance has been linked to the dominance of many low-productivity small firms and inefficient allo...
Volume/Issue: 2017/24
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
January
2017
ISBN: 9781475572766
This Selected Issues paper analyzes the drivers of firm productivity growth in Spain. Spain's weak productivity performance has been linked to the dominance of many low-productivity small firms and inefficient allo...
Volume/Issue: 2017/24
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
January
2017
ISBN: 9781475572766
This Selected Issues paper analyzes the drivers of firm productivity growth in Spain. Spain's weak productivity performance has been linked to the dominance of many low-productivity small firms and inefficient allo...
Volume/Issue: 2017/24
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
January
2017
ISBN: 9781475572766
This Selected Issues paper analyzes the drivers of firm productivity growth in Spain. Spain's weak productivity performance has been linked to the dominance of many low-productivity small firms and inefficient allo...
Volume/Issue: 2017/23
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
January
2017
ISBN: 9781475572612
This 2016 Article IV Consultation highlights that Spain's economy has continued its recovery. Real GDP expanded by 3.2 percent in 2015 with the same growth rate expected for 2016, despite a prolonged period of dome...
Volume/Issue: 2017/23
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
January
2017
ISBN: 9781475572612
This 2016 Article IV Consultation highlights that Spain's economy has continued its recovery. Real GDP expanded by 3.2 percent in 2015 with the same growth rate expected for 2016, despite a prolonged period of dome...
Volume/Issue: 2017/23
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
January
2017
ISBN: 9781475572612
This 2016 Article IV Consultation highlights that Spain's economy has continued its recovery. Real GDP expanded by 3.2 percent in 2015 with the same growth rate expected for 2016, despite a prolonged period of dome...
Volume/Issue: 2017/23
Series: IMF Staff Country Reports
Author(s):
International Monetary Fund. European Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
30
January
2017
ISBN: 9781475572612
This 2016 Article IV Consultation highlights that Spain's economy has continued its recovery. Real GDP expanded by 3.2 percent in 2015 with the same growth rate expected for 2016, despite a prolonged period of dome...
Volume/Issue: 2017/5
Series: IMF Working Papers
Author(s):
Mar Delgado-Téllez
,
Victor Lledo
, and
Javier Pérez
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
19
January
2017
DOI: http://dx.doi.org/10.5089/9781475569841.001
ISBN: 9781475569841
This paper proposes an empirical framework that distinguishes voluntary from involuntary compliance with fiscal deficit targets on the basis of economic, institutional, and political factors. The framework is appli...
Volume/Issue: 2017/5
Series: IMF Working Papers
Author(s):
Mar Delgado-Téllez
,
Victor Lledo
, and
Javier Pérez
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
19
January
2017
ISBN: 9781475569841
This paper proposes an empirical framework that distinguishes voluntary from involuntary compliance with fiscal deficit targets on the basis of economic, institutional, and political factors. The framework is appli...
Volume/Issue: 2016/233
Series: IMF Working Papers
Author(s):
Vitor Gaspar
,
Laura Jaramillo
, and
Philippe Wingender
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
02
December
2016
DOI: http://dx.doi.org/10.5089/9781475558142.001
ISBN: 9781475558142
An empirical finding by Gaspar, Jaramillo and Wingender (2016) shows that once countries cross a tax-to-GDP threshold of around 12¾ percent, real GDP per capita increases sharply and in a sustained manner over the...
Volume/Issue: 2016/233
Series: IMF Working Papers
Author(s):
Vitor Gaspar
,
Laura Jaramillo
, and
Philippe Wingender
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
02
December
2016
ISBN: 9781475558142
An empirical finding by Gaspar, Jaramillo and Wingender (2016) shows that once countries cross a tax-to-GDP threshold of around 12¾ percent, real GDP per capita increases sharply and in a sustained manner over the...
Volume/Issue: 2016/62
Series: IMF Working Papers
Author(s):
Anna Bordon
,
Christian Ebeke
, and
Kazuko Shirono
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
15
March
2016
DOI: http://dx.doi.org/10.5089/9781513589923.001
ISBN: 9781513589923
Structural reforms are expected to lift growth and employment, but their effects are surprisingly difficult to pin down empirically. One reason is their potential endogeneity to the economic environment in which th...
Volume/Issue: 2016/62
Series: IMF Working Papers
Author(s):
Anna Bordon
,
Christian Ebeke
, and
Kazuko Shirono
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
15
March
2016
ISBN: 9781513589923
Structural reforms are expected to lift growth and employment, but their effects are surprisingly difficult to pin down empirically. One reason is their potential endogeneity to the economic environment in which th...
Volume/Issue: 2016/49
Series: IMF Working Papers
Author(s):
Lone Engbo Christiansen
,
Huidan Lin
,
Joana Pereira
,
Petia Topalova
, and
Rima Turk
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
07
March
2016
DOI: http://dx.doi.org/10.5089/9781513551364.001
ISBN: 9781513551364
Female labor force participation has increased markedly in many European countries during the past decades. Nonetheless, participation rates remain low in some economies, and a significant gender gap persists in mo...
Volume/Issue: 2016/49
Series: IMF Working Papers
Author(s):
Lone Engbo Christiansen
,
Huidan Lin
,
Joana Pereira
,
Petia Topalova
, and
Rima Turk
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
07
March
2016
ISBN: 9781513551364
Female labor force participation has increased markedly in many European countries during the past decades. Nonetheless, participation rates remain low in some economies, and a significant gender gap persists in mo...
Volume/Issue: 2015/22
Series: Staff Discussion Notes
Author(s):
Jörg Decressin
,
Raphael Espinoza
,
Ioannis Halikias
,
Michael Kumhof
,
Daniel Leigh
,
Prakash Loungani
,
Paulo Medas
,
Susanna Mursula
,
Antonio Spilimbergo
, and
TengTeng Xu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
17
November
2015
DOI: http://dx.doi.org/10.5089/9781513537009.006
ISBN: 9781513537009
The paper studies the impacts of wage moderation in the euro area. Simulation results show that if a single euro area crisis-hit economy undertakes wage moderation, the impact on output is positive for that economy...
Volume/Issue: 2015/22
Series: Staff Discussion Notes
Author(s):
Jörg Decressin
,
Raphael Espinoza
,
Ioannis Halikias
,
Michael Kumhof
,
Daniel Leigh
,
Prakash Loungani
,
Paulo Medas
,
Susanna Mursula
,
Antonio Spilimbergo
, and
TengTeng Xu
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
17
November
2015
ISBN: 9781513537009
The paper studies the impacts of wage moderation in the euro area. Simulation results show that if a single euro area crisis-hit economy undertakes wage moderation, the impact on output is positive for that economy...
Volume/Issue: 2015/233
Series: IMF Working Papers
Author(s):
Helge Berger
,
Thomas Dowling
,
Sergi Lanau
,
Mico Mrkaic
,
Pau Rabanal
, and
Marzie Taheri Sanjani
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
09
November
2015
DOI: http://dx.doi.org/10.5089/9781513503271.001
ISBN: 9781513503271
Potential output-in the sense of the GDP level or path an economy can sustain over the medium term-is a crucial benchmark for policymakers. However, it is difficult to estimate when financial 'booms and busts' are...
Volume/Issue: 2015/233
Series: IMF Working Papers
Author(s):
Helge Berger
,
Thomas Dowling
,
Sergi Lanau
,
Mico Mrkaic
,
Pau Rabanal
, and
Marzie Taheri Sanjani
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
09
November
2015
ISBN: 9781513503271
Potential output-in the sense of the GDP level or path an economy can sustain over the medium term-is a crucial benchmark for policymakers. However, it is difficult to estimate when financial 'booms and busts' are...
Volume/Issue: 2015/229
Series: IMF Working Papers
Author(s):
Bas Bakker
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
28
October
2015
ISBN: 9781513504100
This paper argues that the sharp increase in unemployment in a number of advanced countries during
the Great Recession was not just cyclical (the result of a lack of aggregate demand); the degree of
adjustment of r...
Volume/Issue: 2015/229
Series: IMF Working Papers
Author(s):
Bas Bakker
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
28
October
2015
DOI: http://dx.doi.org/10.5089/9781513504100.001
ISBN: 9781513504100
This paper argues that the sharp increase in unemployment in a number of advanced countries during
the Great Recession was not just cyclical (the result of a lack of aggregate demand); the degree of
adjustment of r...
Series: Books
Author(s):
Petya Koeva Brooks
, and
Mahmood Pradhan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
21
October
2015
ISBN: 9781498305532
A banking union—a single supervisory and regulatory framework, resolution mechanism, and safety net—for the euro area is the logical conclusion of the idea that integrated banking systems require integrated...
Series: Books
Author(s):
Petya Koeva Brooks
, and
Mahmood Pradhan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date:
21
October
2015
ISBN: 9781498305532
The European Central Bank (ECB) has taken a series of easing steps since mid-2014, including a negative deposit facility rate and targeted longer-term refinancing operations to support new lending. In Septem...
