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- W1536352058 abstract "This paper provides a conceptual framework to analyze the main economic issues raised by Spain's integration into the and by the vast economic reforms associated with the European Internal Market. The EEC cum 1992 event can be described as a major anticipated permanent shock with both real and financial consequences. In the case of Spain it is found that the country can enjoy significant potential long-term gains from full integration into the through exploitation of its comparative labor cost advantage and existing scale and scope economies. Nevertheless, for these potential long-term gains to be made effective while minimizing short- and medium-term adjustment costs, it is critical that the functioning of the labor market be improved, that long-term capital markets be further developed and that fiscal policy share with monetary policy the burden of achieving internal and external balance." @default.
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- W1536352058 date "1990-03-01" @default.
- W1536352058 modified "2023-10-13" @default.
- W1536352058 title "Spain and the `EEC cum 1992' Shock" @default.
- W1536352058 hasPublicationYear "1990" @default.
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