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Distributional Implications of Labor Market Reforms: Learning from Spain's Experience1

Distributional Implications of Labor Market Reforms: Learning from Spain's Experience1 »

Source: Distributional Implications of Labor Market Reforms: Learning from Spain's Experience

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

Keywords: Labor market reforms, Labor market institutions, Labor market policy, Labor policy, Labor productivity, structural reforms, income inequality, social inclusion, synthetic control method, WP

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...

Distributional Implications of Labor Market Reforms: Learning from Spain's Experience

Distributional Implications of Labor Market Reforms: Learning from Spain's Experience »

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

Keywords: Labor market reforms, Labor market institutions, Labor market policy, Labor policy, Labor productivity, structural reforms, income inequality, social inclusion, synthetic control method, WP

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...

Effectiveness and Equity in Social Spending - The Case of Spain

Effectiveness and Equity in Social Spending - The Case of Spain »

Source: Effectiveness and Equity in Social Spending - The Case of Spain

Volume/Issue: 2020/16

Series: IMF Working Papers

Author(s): Svetlana Vtyurina

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 30 January 2020

ISBN: 9781513526003

Keywords: Social indicators, Cost of living, National income, Financial crises, Economic growth, Social Protection Expenditure, Redistribution, Spending Efficiency, Spain, WP

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...

Effectiveness and Equity in Social Spending - The Case of Spain

Effectiveness and Equity in Social Spending - The Case of Spain »

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

Keywords: Social indicators, Cost of living, National income, Financial crises, Economic growth, Social Protection Expenditure, Redistribution, Spending Efficiency, Spain, WP

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...

Banks' Holdings of Government Securities and Credit to the Private Sector in Emerging Market and Developing Economies

Banks' Holdings of Government Securities and Credit to the Private Sector in Emerging Market and Developing Economies »

Source: Banks' Holdings of Government Securities and Credit to the Private Sector in Emerging Market and Developing Economies

Volume/Issue: 2019/224

Series: IMF Working Papers

Author(s): Romain Bouis

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 October 2019

ISBN: 9781513512952

Keywords: Financial crises, Central banks, Interest rates on loans, Macroprudential policies and financial stability, Monetary statistics, Sovereign debt, credit growth, bank profitability, nonperforming loans, portfolio rebalancing

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...

Banks' Holdings of Government Securities and Credit to the Private Sector in Emerging Market and Developing Economies

Banks' Holdings of Government Securities and Credit to the Private Sector in Emerging Market and Developing Economies »

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

Keywords: Financial crises, Central banks, Interest rates on loans, Macroprudential policies and financial stability, Monetary statistics, Sovereign debt, credit growth, bank profitability, nonperforming loans, portfolio rebalancing

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...

Drivers of Spain's Export Performance and the Role of the Labor Market Reforms1

Drivers of Spain's Export Performance and the Role of the Labor Market Reforms1 »

Source: Drivers of Spain's Export Performance and the Role of the Labor Market Reforms

Volume/Issue: 2018/283

Series: IMF Working Papers

Author(s): Jorge Salas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 2018

ISBN: 9781484386941

Keywords: Employment, Europe, Export competitiveness, Export growth, Developed countries, Labor market reforms, Spain, Cross-country analysis, Competitiveness, Employment Protection

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...

Drivers of Spain's Export Performance and the Role of the Labor Market Reforms

Drivers of Spain's Export Performance and the Role of the Labor Market Reforms »

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

Keywords: Employment, Europe, Export competitiveness, Export growth, Developed countries, Labor market reforms, Spain, Cross-country analysis, Competitiveness, Employment Protection

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...

Regional Labor Mobility in Spain

Regional Labor Mobility in Spain »

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

Keywords: Spain, Labor mobility, Europe, interregional migration, regional labor market, gravity, Unemployment: Models, Duration, Incidence, and Job Search

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...

Regional Labor Mobility in Spain

Regional Labor Mobility in Spain »

Source: Regional Labor Mobility in Spain

Volume/Issue: 2018/282

Series: IMF Working Papers

Author(s): Lucy Qian Liu

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 December 2018

ISBN: 9781484387764

Keywords: Spain, Labor mobility, Europe, interregional migration, regional labor market, gravity, Unemployment: Models, Duration, Incidence, and Job Search

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...

IMF Executive Board Concludes 2018 Article IV Consultation with Spain

IMF Executive Board Concludes 2018 Article IV Consultation with Spain »

Source: Spain : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain

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

Keywords: Article IV consultation reports, Fiscal policy, Labor market policy, Fiscal reforms, Financial sector, Export growth, Housing, Poverty, Economic indicators, Debt sustainability analysis

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...

Spain
			: 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain

Spain : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain »

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

Keywords: Article IV consultation reports, Fiscal policy, Labor market policy, Fiscal reforms, Financial sector, Export growth, Housing, Poverty, Economic indicators, Debt sustainability analysis

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...

Spain
			: Selected Issues

Spain : Selected Issues »

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

Keywords: Supply and demand, Total factor productivity, Financial crises, Unemployment, Employment, ISCR, CR, Spanish region, TFP, post-crisis

Selected Issues...

Spain

Spain »

Source: Spain : Selected Issues

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

Keywords: Supply and demand, Total factor productivity, Financial crises, Unemployment, Employment, ISCR, CR, Spanish region, TFP, post-crisis

Selected Issues...

Spain: 2018 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Spain

Spain: 2018 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Spain »

Source: Spain : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain

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

Keywords: Article IV consultation reports, Fiscal policy, Labor market policy, Fiscal reforms, Financial sector, Export growth, Housing, Poverty, Economic indicators, Debt sustainability analysis

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...

Spain: Staff Report for the 2018 Article IV Consultation—Informational Annex

Spain: Staff Report for the 2018 Article IV Consultation—Informational Annex »

Source: Spain : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain

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

Keywords: Article IV consultation reports, Fiscal policy, Labor market policy, Fiscal reforms, Financial sector, Export growth, Housing, Poverty, Economic indicators, Debt sustainability analysis

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...

Statement by Pablo Moreno, Alternate Executive Director for Spain, José Manuel Montero, Advisor to the Executive Director, and Marta Mulas, Advisor to the Executive Director November 19, 2018

Statement by Pablo Moreno, Alternate Executive Director for Spain, José Manuel Montero, Advisor to the Executive Director, and Marta Mulas, Advisor to the Executive Director November 19, 2018 »

Source: Spain : 2018 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain

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

Keywords: Article IV consultation reports, Fiscal policy, Labor market policy, Fiscal reforms, Financial sector, Export growth, Housing, Poverty, Economic indicators, Debt sustainability analysis

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...

1. Domestic Expansion Running into External Turbulence

1. Domestic Expansion Running into External Turbulence »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

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...

Executive Summary

Executive Summary »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

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...

2. Macroprudential Policies and House Prices in Europe: An Overview of Recent Experiences

2. Macroprudential Policies and House Prices in Europe: An Overview of Recent Experiences »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

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...

Regional Economic Outlook, October 2018, Europe
			: Domestic Expansion Running into External Turbulence

Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence »

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

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

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...

Front Matter

Front Matter »

Source: Regional Economic Outlook, October 2018, Europe : Domestic Expansion Running into External Turbulence

Series: Regional Economic Outlook

Author(s): International Monetary Fund. European Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 November 2018

ISBN: 9781484375402

Keywords: Europe, Regional Economic Outlook, economic outlook, financial conditions, fiscal policy, monetary policy, emerging Europe, advanced Europe

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...

Revisiting the Economic Case for Fiscal Union in the Euro Area

Revisiting the Economic Case for Fiscal Union in the Euro Area »

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

Keywords: Sweden, Switzerland, United Kingdom, Monetary unions, Spain, Italy, Fiscal policy, France, Germany, Greece

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...

Revisiting the Economic Case for Fiscal Union in the Euro Area

Revisiting the Economic Case for Fiscal Union in the Euro Area »

Source: Revisiting the Economic Case for Fiscal Union in the Euro Area

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

Keywords: Sweden, Switzerland, United Kingdom, Monetary unions, Spain, Italy, Fiscal policy, France, Germany, Greece

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...

Spain
			: Financial Sector Assessment Program-Technical Note-Bank Resolution and Crisis Management Frameworks

Spain : Financial Sector Assessment Program-Technical Note-Bank Resolution and Crisis Management Frameworks »

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

Keywords: Financial Sector Assessment Program, Crisis prevention, Bank resolution, Bank supervision, Risk management, Spain

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...

Spain
			: Financial Sector Assessment Program-Technical Note-Determinants of Bank Profitability

Spain : Financial Sector Assessment Program-Technical Note-Determinants of Bank Profitability »

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

Keywords: Financial Sector Assessment Program, Banks, Banking sector, Profits, Cross country analysis, Spain

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...

Spain
			: Financial Sector Assessment Program-Technical Note-Impaired Assets and Nonperforming Loans

Spain : Financial Sector Assessment Program-Technical Note-Impaired Assets and Nonperforming Loans »

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

Keywords: Financial Sector Assessment Program, Banking sector, Financial assets, Loans, Credit risk, Spain

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...

Spain
			: Financial Sector Assessment Program-Technical Note-Insolvency and Creditor Rights

Spain : Financial Sector Assessment Program-Technical Note-Insolvency and Creditor Rights »

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

Keywords: Financial Sector Assessment Program, Banking sector, Bankruptcy, Financial stability, Debt restructuring, Credit risk, Spain

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...

Spain
			: Financial Sector Assessment Program-Technical Note-Institutional Arrangements for Financial Sector Oversight

Spain : Financial Sector Assessment Program-Technical Note-Institutional Arrangements for Financial Sector Oversight »

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

Keywords: Financial Sector Assessment Program, Financial sector surveillance, Financial stability, Bank supervision, Bank resolution, Macroprudential Policy, Crisis prevention, Spain

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...

Spain
			: Financial Sector Assessment Program-Technical Note-Insurance Sector Supervision and Regulation

Spain : Financial Sector Assessment Program-Technical Note-Insurance Sector Supervision and Regulation »

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

Keywords: Financial Sector Assessment Program, Financial sector, Insurance, Insurance supervision, Insurance regulations, Pension funds, Spain

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...

Spain
			: Financial Sector Assessment Program-Technical Note-Interconnectedness and Spillover Analysis in Spain's Financial System

Spain : Financial Sector Assessment Program-Technical Note-Interconnectedness and Spillover Analysis in Spain's Financial System »

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

Keywords: Financial Sector Assessment Program, Banking, Spillovers, Financial institutions, Insurance, Nonbank financial sector, Capital markets, Sovereign debt, Spain

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...

Spain
			: Financial Sector Assessment Program-Technical Note-Stress Testing Banking System Resilience

Spain : Financial Sector Assessment Program-Technical Note-Stress Testing Banking System Resilience »

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

Keywords: Financial Sector Assessment Program, Banking systems, Stress testing, Liquidity, Risk management, Spain

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....

Spain
			: Financial Sector Assessment Program-Technical Note-Supervision of Spanish Banks

Spain : Financial Sector Assessment Program-Technical Note-Supervision of Spanish Banks »

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

Keywords: Financial Sector Assessment Program, Bank supervision, Bank regulations, Credit risk, Liquidity, Corporate governance, Spain

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...

Spain
			: Financial Sector Assessment Program-Technical Note-Systemic Risk Oversight Framework and Macroprudential Policy

Spain : Financial Sector Assessment Program-Technical Note-Systemic Risk Oversight Framework and Macroprudential Policy »

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

Keywords: Financial Sector Assessment Program, Financial sector surveillance, Financial stability, Crisis prevention, Macroprudential Policy, Spain

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...

Spain

Spain »

Source: Spain : Financial Sector Assessment Program-Technical Note-Supervision of Spanish Banks

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

Keywords: Financial Sector Assessment Program, Bank supervision, Bank regulations, Credit risk, Liquidity, Corporate governance, Spain

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...

Spain

Spain »

Source: Spain : Financial Sector Assessment Program-Technical Note-Determinants of Bank Profitability

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

Keywords: Financial Sector Assessment Program, Banks, Banking sector, Profits, Cross country analysis, Spain

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...

Spain

Spain »

Source: Spain : Financial Sector Assessment Program-Technical Note-Interconnectedness and Spillover Analysis in Spain's Financial System

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

Keywords: Financial Sector Assessment Program, Banking, Spillovers, Financial institutions, Insurance, Nonbank financial sector, Capital markets, Sovereign debt, Spain

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...

Spain

Spain »

Source: Spain : Financial Sector Assessment Program-Technical Note-Stress Testing Banking System Resilience

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

Keywords: Financial Sector Assessment Program, Banking systems, Stress testing, Liquidity, Risk management, Spain

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....

Spain

Spain »

Source: Spain : Financial Sector Assessment Program-Technical Note-Insurance Sector Supervision and Regulation

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

Keywords: Financial Sector Assessment Program, Financial sector, Insurance, Insurance supervision, Insurance regulations, Pension funds, Spain

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...

Spain

Spain »

Source: Spain : Financial Sector Assessment Program-Technical Note-Systemic Risk Oversight Framework and Macroprudential Policy

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

Keywords: Financial Sector Assessment Program, Financial sector surveillance, Financial stability, Crisis prevention, Macroprudential Policy, Spain

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...

Spain

Spain »

Source: Spain : Financial Sector Assessment Program-Technical Note-Impaired Assets and Nonperforming Loans

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

Keywords: Financial Sector Assessment Program, Banking sector, Financial assets, Loans, Credit risk, Spain

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...

Spain

Spain »

Source: Spain : Financial Sector Assessment Program-Technical Note-Institutional Arrangements for Financial Sector Oversight

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

Keywords: Financial Sector Assessment Program, Financial sector surveillance, Financial stability, Bank supervision, Bank resolution, Macroprudential Policy, Crisis prevention, Spain

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...

Spain

Spain »

Source: Spain : Financial Sector Assessment Program-Technical Note-Bank Resolution and Crisis Management Frameworks

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

Keywords: Financial Sector Assessment Program, Crisis prevention, Bank resolution, Bank supervision, Risk management, Spain

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...

Spain

Spain »

Source: Spain : Financial Sector Assessment Program-Technical Note-Insolvency and Creditor Rights

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

Keywords: Financial Sector Assessment Program, Banking sector, Bankruptcy, Financial stability, Debt restructuring, Credit risk, Spain

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...

IMF Executive Board Concludes 2017 Article IV Consultation with Spain

IMF Executive Board Concludes 2017 Article IV Consultation with Spain »

Source: Spain : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain

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

Keywords: Europe, Spain

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...

Spain
			: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain

Spain : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain »

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

Keywords: Europe, Spain

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...

Spain
			: Financial System Stability Assessment

Spain : Financial System Stability Assessment »

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

Keywords: Financial system stability assessment, Financial risk, Banking sector, Nonbank financial sector, Macroprudential Policy, Bank resolution, Crisis prevention, Financial safety nets, Liquidity management, Anti-money laundering

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...

Spain
			: Selected Issues

Spain : Selected Issues »

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

Keywords: Pension reforms, Employment, Labor market reforms, Financial stability, Corporate sector, Selected issues, Spain

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...

Spain

Spain »

Source: Spain : Financial System Stability Assessment

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

Keywords: Financial system stability assessment, Financial risk, Banking sector, Nonbank financial sector, Macroprudential Policy, Bank resolution, Crisis prevention, Financial safety nets, Liquidity management, Anti-money laundering

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...

Spain: Selected Issues

Spain: Selected Issues »

Source: Spain : Selected Issues

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

Keywords: Pension reforms, Employment, Labor market reforms, Financial stability, Corporate sector, Selected issues, Spain

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...

Spain: Selected Issues

Spain: Selected Issues »

Source: Spain : Selected Issues

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

Keywords: Pension reforms, Employment, Labor market reforms, Financial stability, Corporate sector, Selected issues, Spain

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...

Spain: Selected Issues

Spain: Selected Issues »

Source: Spain : Selected Issues

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

Keywords: Pension reforms, Employment, Labor market reforms, Financial stability, Corporate sector, Selected issues, Spain

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...

Spain: Staff Report for the 2017 Article IV Consultation

Spain: Staff Report for the 2017 Article IV Consultation »

Source: Spain : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain

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

Keywords: Europe, Spain

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...

Spain: Staff Report for the 2017 Article IV Consultation—Informational Annex

Spain: Staff Report for the 2017 Article IV Consultation—Informational Annex »

Source: Spain : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain

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

Keywords: Europe, Spain

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...

Statement by Jorge Dajani, Alternate Executive Director for Spain, Estefanía Sanchez Rodriguez, Advisor to the Executive Director, and Fernando Lopez, Advisor to the Executive Director September 20, 2017

Statement by Jorge Dajani, Alternate Executive Director for Spain, Estefanía Sanchez Rodriguez, Advisor to the Executive Director, and Fernando Lopez, Advisor to the Executive Director September 20, 2017 »

Source: Spain : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain

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

Keywords: Europe, Spain

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...

Statement by the Staff Representative on Spain September 20, 2017

Statement by the Staff Representative on Spain September 20, 2017 »

Source: Spain : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Spain

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

Keywords: Europe, Spain

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...

IMF Executive Board Concludes 2016 Article IV Consultation with Spain

IMF Executive Board Concludes 2016 Article IV Consultation with Spain »

Source: Spain : 2016 Article IV Consultation-Press Release; Staff Report; Informational Annex; Staff Statement; and Statement by the Executive Director for Spain

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

Keywords: Spain, Europe

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...

Spain
			: 2016 Article IV Consultation-Press Release; Staff Report; Informational Annex; Staff Statement; and Statement by the Executive Director for Spain

Spain : 2016 Article IV Consultation-Press Release; Staff Report; Informational Annex; Staff Statement; and Statement by the Executive Director for Spain »

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

Keywords: Spain, Europe

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...

Spain
			: Selected Issues

Spain : Selected Issues »

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

Keywords: Europe, Spain

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...

Spain: Selected Issues

Spain: Selected Issues »

Source: Spain : Selected Issues

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

Keywords: Europe, Spain

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...

Spain: Selected Issues

Spain: Selected Issues »

Source: Spain : Selected Issues

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

Keywords: Europe, Spain

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...

Spain: Selected Issues

Spain: Selected Issues »

Source: Spain : Selected Issues

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

Keywords: Europe, Spain

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...

Spain: Selected Issues

Spain: Selected Issues »

Source: Spain : Selected Issues

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

Keywords: Europe, Spain

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...

Spain: Staff Report for the 2016 Article IV Consultation

Spain: Staff Report for the 2016 Article IV Consultation »

Source: Spain : 2016 Article IV Consultation-Press Release; Staff Report; Informational Annex; Staff Statement; and Statement by the Executive Director for Spain

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

Keywords: Spain, Europe

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...

Spain: Staff Report for the 2016 Article IV Consultation—Informational Annex

Spain: Staff Report for the 2016 Article IV Consultation—Informational Annex »

Source: Spain : 2016 Article IV Consultation-Press Release; Staff Report; Informational Annex; Staff Statement; and Statement by the Executive Director for Spain

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

Keywords: Spain, Europe

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...

Statement by Mr. Jorge Dajani, Alternate Executive Director for Spain, Ms. Sanchez Rodriguez and Mr. Lopez, Advisors to the Executive Director, January 27, 2017

Statement by Mr. Jorge Dajani, Alternate Executive Director for Spain, Ms. Sanchez Rodriguez and Mr. Lopez, Advisors to the Executive Director, January 27, 2017 »

Source: Spain : 2016 Article IV Consultation-Press Release; Staff Report; Informational Annex; Staff Statement; and Statement by the Executive Director for Spain

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

Keywords: Spain, Europe

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...

Statement by the Staff Representative on the Spain, January 27, 2017

Statement by the Staff Representative on the Spain, January 27, 2017 »

Source: Spain : 2016 Article IV Consultation-Press Release; Staff Report; Informational Annex; Staff Statement; and Statement by the Executive Director for Spain

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

Keywords: Spain, Europe

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...

On the Determinants of Fiscal Non-Compliance
			: An Empirical Analysis of Spain's Regions

On the Determinants of Fiscal Non-Compliance : An Empirical Analysis of Spain's Regions »

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

Keywords: Regional economics, State taxation, Fiscal policy, Europe, Spain, Fiscal compliance, rules, fiscal federalism, soft budget constraints, Forecasts of Budgets

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...

On the Determinants of Fiscal Non-Compliance

On the Determinants of Fiscal Non-Compliance »

Source: On the Determinants of Fiscal Non-Compliance : An Empirical Analysis of Spain's Regions

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

Keywords: Regional economics, State taxation, Fiscal policy, Europe, Spain, Fiscal compliance, rules, fiscal federalism, soft budget constraints, Forecasts of Budgets

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...

Political Institutions, State Building, and Tax Capacity
			: Crossing the Tipping Point

Political Institutions, State Building, and Tax Capacity : Crossing the Tipping Point »

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

Keywords: Nigeria, Political economy, Income taxes, Taxation, Tax evasion, Sub-Saharan Africa, Tax administration, Spain, Western Hemisphere, China

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...

Political Institutions, State Building, and Tax Capacity

Political Institutions, State Building, and Tax Capacity »

Source: Political Institutions, State Building, and Tax Capacity : Crossing the Tipping Point

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

Keywords: Nigeria, Political economy, Income taxes, Taxation, Tax evasion, Sub-Saharan Africa, Tax administration, Spain, Western Hemisphere, China

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...

When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies

When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies »

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

Keywords: Structural reforms, employment, monetary policy, fiscal policy, product market, labor market, labor, employment rate, General, All Countries,

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...

When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies1

When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies1 »

Source: When Do Structural Reforms Work? On the Role of the Business Cycle and Macroeconomic Policies

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

Keywords: Structural reforms, employment, monetary policy, fiscal policy, product market, labor market, labor, employment rate, General, All Countries,

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...

Individual Choice or Policies? Drivers of Female Employment in Europe

Individual Choice or Policies? Drivers of Female Employment in Europe »

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

Keywords: gender gaps, International Social Survey Programme, labor force, labor, labor supply, employment, General, Economics of Gender, General, International Social Survey Programme.,

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...

Individual Choice or Policies? Drivers of Female Employment in Europe

Individual Choice or Policies? Drivers of Female Employment in Europe »

Source: Individual Choice or Policies? Drivers of Female Employment in Europe

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

Keywords: gender gaps, International Social Survey Programme, labor force, labor, labor supply, employment, General, Economics of Gender, General, International Social Survey Programme.,

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...

Wage Moderation in Crises
			: Policy Considerations and Applications to the Euro Area

Wage Moderation in Crises : Policy Considerations and Applications to the Euro Area »

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

Keywords: Wage bargaining, Euro Area, Wage adjustments, Negative spillovers, Monetary policy, Euro area, Crisis, Current account, Internal devaluation, Unemployment

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...

Wage Moderation in Crises

Wage Moderation in Crises »

Source: Wage Moderation in Crises : Policy Considerations and Applications to the Euro Area

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

Keywords: Wage bargaining, Euro Area, Wage adjustments, Negative spillovers, Monetary policy, Euro area, Crisis, Current account, Internal devaluation, Unemployment

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...

Steady as She Goes-Estimating Potential Output During Financial 'Booms and Busts'

Steady as She Goes-Estimating Potential Output During Financial 'Booms and Busts' »

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

Keywords: Output gap, variables, gdp, demand, Financial Markets and the Macroeconomy, Model Construction and Estimation, Estimation, All Countries,

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...

Steady as She Goes-Estimating Potential Output During Financial 'Booms and Busts'

Steady as She Goes-Estimating Potential Output During Financial 'Booms and Busts' »

Source: Steady as She Goes-Estimating Potential Output During Financial 'Booms and Busts'

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

Keywords: Output gap, variables, gdp, demand, Financial Markets and the Macroeconomy, Model Construction and Estimation, Estimation, All Countries,

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...

Employment and the Great Recession

Employment and the Great Recession »

Source: Employment and the Great Recession : The Role of Real Wages

Volume/Issue: 2015/229

Series: IMF Working Papers

Author(s): Bas Bakker

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 October 2015

ISBN: 9781513504100

Keywords: Great Recession, Okun&;amp;#x2019;s law, employment rate, labor, General, General,

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...

Employment and the Great Recession
			: The Role of Real Wages

Employment and the Great Recession : The Role of Real Wages »

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

Keywords: Great Recession, Okun&;amp;#x2019;s law, employment rate, labor, General, General,

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...

Chapter 9. A Banking Union for the Euro Area

Chapter 9. A Banking Union for the Euro Area »

Source: The Mechanics of a Strong Euro Area : IMF Policy Analysis

Series: Books

Author(s): Petya Koeva Brooks , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2015

ISBN: 9781498305532

Keywords: Euro Area, Economic policy, debt, bank, banks, unemployment, lending

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...

Chapter 6. An Early Assessment of Quantitative Easing

Chapter 6. An Early Assessment of Quantitative Easing »

Source: The Mechanics of a Strong Euro Area : IMF Policy Analysis

Series: Books

Author(s): Petya Koeva Brooks , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2015

ISBN: 9781498305532

Keywords: Euro Area, Economic policy, debt, bank, banks, unemployment, lending

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...

Chapter 11. Capital Market Development: Financing of Small and Medium-Sized Enterprises in the Euro Area

Chapter 11. Capital Market Development: Financing of Small and Medium-Sized Enterprises in the Euro Area »

Source: The Mechanics of a Strong Euro Area : IMF Policy Analysis

Series: Books

Author(s): Petya Koeva Brooks , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2015

ISBN: 9781498305532

Keywords: Euro Area, Economic policy, debt, bank, banks, unemployment, lending

The corporate sector in Europe is highly dependent on bank financing, which has constrained the recovery of credit supply in the wake of the crisis, particularly to small and medium-sized enterprises (SMEs)....

Chapter 7. Fiscal Consolidation under the Stability and Growth Pact: Some Illustrative Simulations

Chapter 7. Fiscal Consolidation under the Stability and Growth Pact: Some Illustrative Simulations »

Source: The Mechanics of a Strong Euro Area : IMF Policy Analysis

Series: Books

Author(s): Petya Koeva Brooks , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2015

ISBN: 9781498305532

Keywords: Euro Area, Economic policy, debt, bank, banks, unemployment, lending

The Stability and Growth Pact (SGP) continues to be at the core of European Union (EU) fiscal governance (Figure 7.1). The SGP was put in place to avoid excessive deficits and debt levels. However, fiscal sl...

Chapter 8. Fiscal Governance in the Euro Area: Progress and Challenges

Chapter 8. Fiscal Governance in the Euro Area: Progress and Challenges »

Source: The Mechanics of a Strong Euro Area : IMF Policy Analysis

Series: Books

Author(s): Petya Koeva Brooks , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2015

ISBN: 9781498305532

Keywords: Euro Area, Economic policy, debt, bank, banks, unemployment, lending

The Stability and Growth Pact (SGP) is at the core of the European fiscal governance framework. The SGP’s origin dates back to the 1992 Maastricht Treaty, which launched the Economic and Monetary Union (EMU)...

Chapter 4. Fragmentation, the Monetary Transmission Mechanism, and Monetary Policy in the Euro Area

Chapter 4. Fragmentation, the Monetary Transmission Mechanism, and Monetary Policy in the Euro Area »

Source: The Mechanics of a Strong Euro Area : IMF Policy Analysis

Series: Books

Author(s): Petya Koeva Brooks , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2015

ISBN: 9781498305532

Keywords: Euro Area, Economic policy, debt, bank, banks, unemployment, lending

The European Central Bank (ECB) has taken a range of actions to address bank funding problems, eliminate excessive risk in sovereign markets, and safeguard monetary transmission. As a result, the situation a...

Chapter 2. Indebtedness and Deleveraging in the Euro Area

Chapter 2. Indebtedness and Deleveraging in the Euro Area »

Source: The Mechanics of a Strong Euro Area : IMF Policy Analysis

Series: Books

Author(s): Petya Koeva Brooks , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2015

ISBN: 9781498305532

Keywords: Euro Area, Economic policy, debt, bank, banks, unemployment, lending

High debt in the euro area is weighing on growth. Countries that experienced a rapid increase in private sector debt in the run-up to the global financial crisis of 2008–09 have had worse economic outcomes—s...

Chapter 1. Investment in the Euro Area: Why Has It Been Weak?

Chapter 1. Investment in the Euro Area: Why Has It Been Weak? »

Source: The Mechanics of a Strong Euro Area : IMF Policy Analysis

Series: Books

Author(s): Petya Koeva Brooks , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2015

ISBN: 9781498305532

Keywords: Euro Area, Economic policy, debt, bank, banks, unemployment, lending

Investment across the euro area—both in real terms and as a percentage of GDP—remains below its precrisis level. Investment performance has been weaker than in most previous recessions and financial crises....

Chapter 5. Possible Subordination Effects of Eurosystem Bond Purchases

Chapter 5. Possible Subordination Effects of Eurosystem Bond Purchases »

Source: The Mechanics of a Strong Euro Area : IMF Policy Analysis

Series: Books

Author(s): Petya Koeva Brooks , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2015

ISBN: 9781498305532

Keywords: Euro Area, Economic policy, debt, bank, banks, unemployment, lending

The debt restructuring in Greece in February—March 2012 effectively extended senior creditor status to Eurosystem bond purchases. By mid-February 2012, the European Central Bank (ECB) and the national centra...

Chapter 3. Rebalancing: Where Do We Stand and Where to Go?

Chapter 3. Rebalancing: Where Do We Stand and Where to Go? »

Source: The Mechanics of a Strong Euro Area : IMF Policy Analysis

Series: Books

Author(s): Petya Koeva Brooks , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2015

ISBN: 9781498305532

Keywords: Euro Area, Economic policy, debt, bank, banks, unemployment, lending

Although relative price adjustments and current account improvements are taking place, more needs to be achieved to correct the imbalances within the euro area. Improvements in export performance remain depe...

Chapter 10. Toward a Fiscal Union for the Euro Area

Chapter 10. Toward a Fiscal Union for the Euro Area »

Source: The Mechanics of a Strong Euro Area : IMF Policy Analysis

Series: Books

Author(s): Petya Koeva Brooks , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2015

ISBN: 9781498305532

Keywords: Euro Area, Economic policy, debt, bank, banks, unemployment, lending

The global economic and financial crisis has exposed a critical gap in the Economic and Monetary Union (EMU): the capacity for country-level shocks, whether exogenous or home grown, to spread across the euro...

Chapter 12. Youth Unemployment in Europe: Okun’s Law and Beyond

Chapter 12. Youth Unemployment in Europe: Okun’s Law and Beyond »

Source: The Mechanics of a Strong Euro Area : IMF Policy Analysis

Series: Books

Author(s): Petya Koeva Brooks , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2015

ISBN: 9781498305532

Keywords: Euro Area, Economic policy, debt, bank, banks, unemployment, lending

Youth unemployment increased sharply in Europe in the aftermath of the global crisis in 2008–09 and remains at historic highs in the current weak recovery. A large proportion of these increases can be explai...

The Mechanics of a Strong Euro Area
			: IMF Policy Analysis

The Mechanics of a Strong Euro Area : IMF Policy Analysis »

Series: Books

Author(s): Petya Koeva Brooks , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2015

DOI: http://dx.doi.org/10.5089/9781498305532.071

ISBN: 9781498305532

Keywords: Euro Area, Economic policy, debt, bank, banks, unemployment, lending

Among member states, many structural weaknesses were exposed when economic performance declined significantly and financial markets became more discerning. This book focuses on the analytical underpinnings of real-...

Part I: The Legacies of the Crisis

Part I: The Legacies of the Crisis »

Source: The Mechanics of a Strong Euro Area : IMF Policy Analysis

Series: Books

Author(s): Petya Koeva Brooks , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2015

ISBN: 9781498305532

Keywords: Euro Area, Economic policy, debt, bank, banks, unemployment, lending

...

Part II: The Role of Monetary Policy and the Fiscal Framework

Part II: The Role of Monetary Policy and the Fiscal Framework »

Source: The Mechanics of a Strong Euro Area : IMF Policy Analysis

Series: Books

Author(s): Petya Koeva Brooks , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2015

ISBN: 9781498305532

Keywords: Euro Area, Economic policy, debt, bank, banks, unemployment, lending

...

Part III: Completing the Economic and Monetary Union (EMU)

Part III: Completing the Economic and Monetary Union (EMU) »

Source: The Mechanics of a Strong Euro Area : IMF Policy Analysis

Series: Books

Author(s): Petya Koeva Brooks , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2015

ISBN: 9781498305532

Keywords: Euro Area, Economic policy, debt, bank, banks, unemployment, lending

...

Part IV: The Role of Structural Policies at the Euro Area Level

Part IV: The Role of Structural Policies at the Euro Area Level »

Source: The Mechanics of a Strong Euro Area : IMF Policy Analysis

Series: Books

Author(s): Petya Koeva Brooks , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2015

ISBN: 9781498305532

Keywords: Euro Area, Economic policy, debt, bank, banks, unemployment, lending

...

Back Matter

Back Matter »

Source: The Mechanics of a Strong Euro Area : IMF Policy Analysis

Series: Books

Author(s): Petya Koeva Brooks , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2015

ISBN: 9781498305532

Keywords: Euro Area, Economic policy, debt, bank, banks, unemployment, lending

Among member states, many structural weaknesses were exposed when economic performance declined significantly and financial markets became more discerning. This book focuses on the analytical underpinnings of real-...

Front Matter

Front Matter »

Source: The Mechanics of a Strong Euro Area : IMF Policy Analysis

Series: Books

Author(s): Petya Koeva Brooks , and Mahmood Pradhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 October 2015

ISBN: 9781498305532

Keywords: Euro Area, Economic policy, debt, bank, banks, unemployment, lending

Among member states, many structural weaknesses were exposed when economic performance declined significantly and financial markets became more discerning. This book focuses on the analytical underpinnings of real-...