01573cas a2200241 a 4500 AALejournalIMF007502 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451812015 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Spain : Selected Issues. Washington, D.C. : International Monetary Fund, 1998. 1 online resource (122 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This Selected Issues paper analyzes the sources of the persistence of geographical unemployment imbalances and low speed of adjustment to regional labor demand shocks in Spain. The paper argues that, under present labor market arrangements, these imbalances are unlikely to be corrected in the near future. In particular, the current wage bargaining system appears to be excessively centralized and to result in nationally set wages that are too high to reduce unemployment in high-unemployment areas. The paper also analyzes the May 1997 labor market reform. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 1998/053 Full text available on IMF http://elibrary.imf.org/view/journals/002/1998/053/002.1998.issue-053-en.xml IMF e-Library