01715cas a2200241 a 4500 AALejournalIMF013745 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484333495 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Spain : Financial Sector Reform: Third Progress Report. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (40 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 paper presents the Third Progress report on Spain's financial sector reform. Correction of Spain's large external, fiscal, and financial imbalances is well underway, with policy actions at both the European and Spanish levels helping to ease market pressures over the last year. Financial sector dynamics still contribute to recessionary pressures, with credit contraction accelerating, lending standards tightening, and lending rates to firms rising. Actions taken by the authorities under the European Stability Mechanism-supported program have helped tackle the legacy risk from the real estate boom bust, but macroeconomic risks still loom large. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/205 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/205/002.2013.issue-205-en.xml IMF e-Library