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Spain’s banking system has been steadily progressing since the last FSAP. The authorities have...

Why did the Great Recession lead to such a slow recovery? I build a model where ...

The recovery is strong and imbalances are falling fast, aided by past reforms. External tailwinds...

Spain: Selected Issues

This paper proposes an empirical framework that distinguishes voluntary from involuntary...

An empirical finding by Gaspar, Jaramillo and Wingender (2016) shows that once countries cross a...