This paper proposes a stochastic volatility model to measure sovereign financial distress. It examines how key European … sovereign credit default swap (CDS) spreads affect each other; specifically, the paper analyses the volatility structure of … Germany, Greece, Ireland, Italy, Spain and Portugal. The stability of Germany is a close proxy for the resilience of the euro …

Ireland and Spain, reflecting in part a higher amplitude of residential construction. However, the boom- bust cycle has …

This Selected Issues paper analyzes household savings ratio in Spain. The household savings ratio has fallen to its …

This 2014 Article IV Consultation highlights that economic growth in Spain has resumed, and unemployment is falling …

Executive Board welcomes this development of Spain's financial sector. …

This paper discusses key findings of the progress report on financial sector reforms in Spain. Spain’s European …

international experience of countries in the aftermath of financial crisis. The paper suggests Spain is likely to face a long period …