Please use this identifier to cite or link to this item: http://hdl.handle.net/1822/14466

TitleCauses and consequences of the Spanish economic crisis : why recovery is taken so long?
Author(s)Carballo Cruz, Francisco
KeywordsCrisis
Real estate
Banking
Debt problems
Unemployment
Public debt
Issue dateSep-2011
JournalPanoeconomicus
Abstract(s)Spain is currently facing its worst crisis in the last fifty years. The crisis began as an extension of the international financial crisis, but the internal imbalances accumulated in the pre-crisis period aggravated the situation. At present their incomplete adjustment is making difficult the economic recovery. This paper describes the evolution of the economic crisis in Spain. The real estate sector and the banking sector are analysed in detail, as they played a key role in the detonation and the deepening of the crisis. The results of the main reforms carried out so far are also carefully examined. It also discusses the main factors that have delayed the economic recovery up to now(unemployment and indebtedness), and present some alternatives to define an exit strategy.
TypeArticle
URIhttp://hdl.handle.net/1822/14466
ISSN2217-2386
Publisher versionhttp://www.panoeconomicus.rs/casopis/2011_3/02%20Francisco%20Carballo-Cruz.pdf
Peer-Reviewedyes
AccessRestricted access (UMinho)
Appears in Collections:NIPE - Artigos em Revistas de Circulação Internacional com Arbitragem Científica

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