Spain's Economy and their Ability to Overcome the Current Economic Crisis
SPAIN’S ECONOMY AND THEIR ABILITY TO OVERCOME THE CURRENT ECONOMIC CRISIS
A Thesis
Presented to the Faculty of European University
In Partial Fulfillment of the Requirements for the Degree:
Bachelor in Science of Business Administration
By: Adham Robin
July 2013
Table of Contents
1) Spains economic history
Pre civil war
Civil war
Post civil war
2) Tourism, industry and agriculture
3) European Union
4) Housing Bubble
5) Overall competiveness of spains economy
6) EU intervention in Spain
Summary
This thesis will be structured the following way. In the first part, Spain’s economy historically will be analysed, in order to identify its strengths and weaknesses and have a better grasp and understanding of the current situation Spain faces today. Later will be analysed in depth the factors that have led Spain to the current financial and economic crisis and the economic situation that Spain faces. Further on will be considered the recent efforts of the government to overcome the country’s situation and their success. In continuation will be discussed...
Introduction
Spain has experienced many financial crises throughout its history. These financial crises have different origins, but they do have common threads. The current recession and following debt crisis follow the same pattern. The monetary and fiscal policies put in place by the Spanish government have played a role in creating and prolonging the current crisis. GDP, employment, private consumption, employment, labour costs, inflation, government deficit, debt ratios, risk premium rates, credit growth, the impact of fiscal policies and the role of economic policies will be discussed in order to shed light on Spain’s current economic situation and analyse whether or not they have the ability to overcome the current economic crisis. The Spanish government can take action to
A Thesis
Presented to the Faculty of European University
In Partial Fulfillment of the Requirements for the Degree:
Bachelor in Science of Business Administration
By: Adham Robin
July 2013
Table of Contents
1) Spains economic history
Pre civil war
Civil war
Post civil war
2) Tourism, industry and agriculture
3) European Union
4) Housing Bubble
5) Overall competiveness of spains economy
6) EU intervention in Spain
Summary
This thesis will be structured the following way. In the first part, Spain’s economy historically will be analysed, in order to identify its strengths and weaknesses and have a better grasp and understanding of the current situation Spain faces today. Later will be analysed in depth the factors that have led Spain to the current financial and economic crisis and the economic situation that Spain faces. Further on will be considered the recent efforts of the government to overcome the country’s situation and their success. In continuation will be discussed...
Introduction
Spain has experienced many financial crises throughout its history. These financial crises have different origins, but they do have common threads. The current recession and following debt crisis follow the same pattern. The monetary and fiscal policies put in place by the Spanish government have played a role in creating and prolonging the current crisis. GDP, employment, private consumption, employment, labour costs, inflation, government deficit, debt ratios, risk premium rates, credit growth, the impact of fiscal policies and the role of economic policies will be discussed in order to shed light on Spain’s current economic situation and analyse whether or not they have the ability to overcome the current economic crisis. The Spanish government can take action to
References: Harrison, J. (1985). The Spanish economy in the twentieth century. New York : St.Martin 's Press Kaminsky, G., and Reinhart, C. (1999). The twin crises: The causes of banking and balance-of- payment problems. American Economic Review Boyd J., De Nicolò G., and Loukoianova E. (2009). “Banking crises and crisis dating: Theory and evidence.” International Monetary Fund Working Paper, WP/09/11 Klomp, J. (2010). Causes of banking crises revisited. North American Journal of Economics and Finance , 72-87