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Spain: Financial Sector Reform—Final Progress Report
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2014: Issue 059
Language:
English
Publication Date:
20 Feb 2014
DOI:
https://doi.org/10.5089/9781475517804.002
ISBN:
9781475517804
ISSN:
1934-7685
Pages:
56
Keywords:
ISCR; CR; capital ratio; bank equity; private sector; aggregate demand; balance sheets; bank assets; supply shock; bank capital; core business; debt ratio; Credit; Loans; Commercial banks; Stocks; Europe
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This paper discusses key findings of the progress report on financial sector reforms in Spain. Spain’s European Stability Mechanism (ESM)-supported program of financial sector reform aimed to assist economic recovery by promoting financial stability. The program was adopted in mid-2012. The Spanish authorities’ implementation of the program has been steadfast. All of the program’s specific measures are now complete. Major structural reform efforts in a variety of areas (including labor and fiscal policies) will need to continue to achieve sufficiently rapid growth to bring unemployment down to reasonable levels over the medium term.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund