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Monday 19 March 2012, 17:00-19:00
The economy of Spain in the eurozone before and after the crisis of 2008
- 👤 Speaker: Professor Larry Neal, Cambridge Finance Visitor, NBER
- 📅 Date & Time: Monday 19 March 2012, 17:00 - 19:00
- 📍 Venue: Lucia Windsor Room, Newnham College
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D'Maris Coffman
Abstract
In common with the other periphery countries that joined the euro-zone in 1998-2000, Spain enjoyed ten years of economic prosperity, essentially debt-financed. The financial crisis of 2008 has revealed deep structural problems in the euro-zone, but also among Spain’s fiscally autonomous regions, which differ from the financial problems faced by the other European periphery countries. But the Spanish problems with de-leveraging suggest further difficulties for the euro-zone as it attempts to implement sterner budgetary controls over member states.
Series This talk is part of the Financial History Seminar series.
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