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Spain: Financial Sector Reform: First Progress Report
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2012: Issue 318
Language:
English
Publication Date:
28 Nov 2012
DOI:
https://doi.org/10.5089/9781475518399.002
ISBN:
9781475518399
ISSN:
1934-7685
Pages:
52
Keywords:
ISCR; CR; savings bank; financial condition; Banco de España; bank CD; transferring bank; broad money; credit portfolio; NCG Banco; bank restructuring; balance sheets; bank capital needs; funding cost; bridge bank; Credit; Stress testing; Financial sector reform; Loans; Financial sector; Europe
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The report analyses Spain’s financial sector reform program and throws light on the role that the European Financial Stability Facility (EFSF) played in supporting the restructuring and recapitalization of its financial sector. It stated that the two major areas that have been looked at by IMF staff are the macrofinancial context and Spain’s progress in financial sector reforms. The key risk factors that hamper economic development are emphasized, and certain measures to overcome the same are suggested.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund