Browne, Christopher; Houtven, Leo Van - In: IMF Staff Papers 21 (1974) 1, pp. 56-82
Developments in the Spanish credit system and in the conduct of monetary policy over the past 20 years fall into three distinct periods: the 1950s, the 1960s, and the period since 1969. During the 1950s, the authorities lacked the instruments to control the liquidity of the credit system, and...