Neal, Larry and Garcia-Iglesias, Concepcion (2012): The economy of Spain in the eurozone before and after the crisis of 2008. Forthcoming in:
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In common with the other periphery countries that joined the euro-zone in 1998-2000, Spain enjoyed ten years of economic prosperity, essentially debt-financed. The financial crisis of 2008 has revealed deep structural problems in the euro-zone, but also among Spain’s fiscally autonomous regions, which differ from the financial problems faced by the other European periphery countries. But the Spanish problems with de-leveraging suggest further difficulties for the euro-zone as it attempts to implement sterner budgetary controls over member states.
|Item Type:||MPRA Paper|
|Original Title:||The economy of Spain in the eurozone before and after the crisis of 2008|
|Keywords:||autonomous regions; Balassa-Samuelson effect; de-leveraging; euro; sovereign bonds|
|Subjects:||G - Financial Economics > G1 - General Financial Markets > G15 - International Financial Markets
G - Financial Economics > G1 - General Financial Markets > G18 - Government Policy and Regulation
F - International Economics > F3 - International Finance > F33 - International Monetary Arrangements and Institutions
G - Financial Economics > G0 - General > G01 - Financial Crises
|Depositing User:||Larry Neal|
|Date Deposited:||29. Feb 2012 16:27|
|Last Modified:||08. Sep 2015 10:34|
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