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Isidro Frías Pinedo
Universidade de Santiago de Compostela
Rosario Díaz Vázquez
Universidade de Santiago de Compostela
Ana Iglesias Casal
Universidade de Santiago de Compostela
Vol 21 (2012): Crisis in the Eurozone, Articles
Submitted: 10-10-2012 Accepted: 10-10-2012
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in the Euro area and its relation with the economic crisis, addressing specifically thecase of Spain. Estimation of foreign trade equations for Spain shows that a sustainable situationfor trade imbalances could have been reached in two ways. Firstly, through an agreed actuationimplemented in order to rise aggregated demand in central states over that in countries in theperiphery. Secondly, controlling the pro cyclical movements promoted by monetary and creditvariables.
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