The origin of macroeconomic imbalances in the spanish economy

Research output: Contribution to journalArticle

Abstract

© D.R. Universidad Nacional Autónoma de México (UNAM). This work studies the origin of macroeconomic imbalances in the Spanish economy in the context of European integration, analyzing some of the major hypotheses found in economic literature as causes of imbalances in current accounts, disparities in competitiveness among member states and the fiscal position of the Spanish government. We emphasize the breaking point of adopting a single currency and how this has affected interest rates, economic growth forecasts and the strong and continuous inflow of capital from countries in the Eurozone core, contributing to the real-estate bubble and leveraging the private sector.
Original languageEnglish
JournalProblemas del Desarrollo
Publication statusPublished - 1 Jan 2014
Externally publishedYes

Fingerprint

interest rate
currency
macroeconomics
competitiveness
private sector
bubble
economic growth
inflow
Eurozone
current account
economy
European integration
real estate
economics
cause
forecast
Competitiveness
Real estate bubble
Spanish economy
Private sector

All Science Journal Classification (ASJC) codes

  • Development
  • Economics and Econometrics

Cite this

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title = "The origin of macroeconomic imbalances in the spanish economy",
abstract = "{\circledC} D.R. Universidad Nacional Aut{\'o}noma de M{\'e}xico (UNAM). This work studies the origin of macroeconomic imbalances in the Spanish economy in the context of European integration, analyzing some of the major hypotheses found in economic literature as causes of imbalances in current accounts, disparities in competitiveness among member states and the fiscal position of the Spanish government. We emphasize the breaking point of adopting a single currency and how this has affected interest rates, economic growth forecasts and the strong and continuous inflow of capital from countries in the Eurozone core, contributing to the real-estate bubble and leveraging the private sector.",
author = "Carlos Carrasco",
year = "2014",
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language = "English",
journal = "Problemas del Desarrollo",
issn = "0301-7036",
publisher = "Universidad Nacional Autonoma de Mexico",

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The origin of macroeconomic imbalances in the spanish economy. / Carrasco, Carlos.

In: Problemas del Desarrollo, 01.01.2014.

Research output: Contribution to journalArticle

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AB - © D.R. Universidad Nacional Autónoma de México (UNAM). This work studies the origin of macroeconomic imbalances in the Spanish economy in the context of European integration, analyzing some of the major hypotheses found in economic literature as causes of imbalances in current accounts, disparities in competitiveness among member states and the fiscal position of the Spanish government. We emphasize the breaking point of adopting a single currency and how this has affected interest rates, economic growth forecasts and the strong and continuous inflow of capital from countries in the Eurozone core, contributing to the real-estate bubble and leveraging the private sector.

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