IMF Staff Country Reports

Spain: Financial Sector Reform—Final Progress Report

February 20, 2014

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Spain: Financial Sector Reform—Final Progress Report, (USA: International Monetary Fund, 2014) accessed December 21, 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:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2014/059

  • Stock No:

    1ESPEA2014001

  • ISBN:

    9781475517804

  • ISSN:

    1934-7685