Spain: Financial Sector Reform—Final Progress Report

February 20, 2014

Preview Citation

Format: Chicago

Spain: Financial Sector Reform—Final Progress Report, (USA: International Monetary Fund, 2014) accessed November 19, 2024

Summary

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.

Subject: Banking, Commercial banks, Credit, Financial institutions, Loans, Money, Public debt, Stocks

Keywords: Aggregate demand, Balance sheets, Bank assets, Bank capital, Bank equity, Capital ratio, Commercial banks, Core business, CR, Credit, Debt ratio, Europe, ISCR, Loans, Private sector, Stocks, Supply shock

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/059
Stock No:

1ESPEA2014001
ISBN:

9781475517804
ISSN:

1934-7685

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