Spain: Financial System Stability Assessment, Including Reports on the Observance of Standards and Codes on the Following Topics: Banking Supervision, Insurance Supervision, Securities Supervision, Payment Systems, Securities Settlement Systems, and Fi...
1. Spain was a growth leader for nearly 15 years until 2008. Contributing factors were peseta devaluations in the early 1990s, EU integration, euro adoption, swelling immigration, rising incomes, and easy funding that permitted a housing boom.