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This Technical Note discusses the recommendations in the Financial Sector Assessment Program for Spain regarding … determinants of bank profitability. Profitability remains higher for Spanish banks than for European peers, especially supported by …
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This Selected Issues paper analyzes France's fiscal stance using a structural stochastic model. The theoretical model features a forward-looking benevolent government that needs to decide the optimal fiscal stance given the level of public debt, the cyclical position of the economy, and...
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