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Accounting Analysis of Economic Policy of Spain (2012)

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http://www.scirp.org/journal/PaperInformation.aspx?PaperID=45292#.VL33kSzQrzE

ABSTRACT
The analysis of economic policy is made through a new methodology using the information provided by businesses to the Bank of Spain. The financial statements are the result of economic and financial transactions in a year and show a behavior that is likely to be measured by applying the Edgeworth’s box for analysis. This means that it is possible to measure the response of firms against market disruptions through an accounting interpretation of the information contained in the financial statements. The indicators obtained through this methodology measure a position taken in the Edgeworth’s box. Consequently, the observations obtained are random and therefore may explain the evolution of the economy of any country.
 
Cite this paper
Benedito, M. (2014) Accounting Analysis of Economic Policy of Spain (2012). Theoretical Economics Letters, 4, 254-261. doi: 10.4236/tel.2014.43035.
 
References
[1]Financial Stability Board (FSB) (2013) Strengthening Oversight and Regulation of Shadow Banking. An Overview of Policy Recommendations. http://www.financialstabilityboard.org/publications/r_130829a.pdf
 
[2]International Monetary Fund (IFM) (2013) Spain: Financial Sector Reform. Fourth Progress Report. Country Report No. 13/331. http://www.imf.org/external/pubs/ft/scr/2013/cr13331.pdf
 
[3]Reinhart, C.M. and Rogoff, K.S. (2008) Is The 2007 U.S. Sub-Prime Financial Crisis so Different? An International. Historical Comparison. National Bureau of Economic Research (NBER). Working Paper 13761.
http://www.nber.org/papers/w13761
 
[4]Ministry of Economy and Competitiveness. Stability Programme Update. Kingdom of Spain. 2013-2016.
http://www.thespanisheconomy.com/stfls/tse/ficheros
/2013/agosto/Stability_Programme_Update_2013_2016.pdf
 
[5]National Institute of Statistic (NIS) Press Release. Quarterly Spanish National Accounts. Base 2008. Third Quarter of 2013. http://www.ine.es/en/prensa/cntr0313_en.pdf
 
[6]Taylor. J.B. (2009) The Financial Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong. National Bureau of Economic Research. National Bureau of Economic Research (NBER). Working Paper 14631.
http://www.nber.org/papers/w14631.pdf                                                                eww150120lx
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