Ezquiaga, Ignacio

CARGA_FINAL_ARTICULOS_CUADERNOS_20200729

Los suelos vacantes y la sombra del legado de la crisis bancaria: el caso de la Sareb

El objetivo de este trabajo es reflexionar sobre un aspecto del legado de la resolución de la crisis bancaria de 2012 que creemos no ha sido analizado con suficiente profundidad: el cambio de propiedad de los suelos vacantes y su relación con la evidencia de parálisis del mercado de suelos urbanizables, interrupción de los procesos de desarrollo urbanístico y escasez de oferta de vivienda.

Read More

Higher interest rates, excess liquidity and the ECB’s balance sheet

Although the ultimate price stability target has not changed and overnight interest rates remain the channel for policy transmission to the economy, the ECB’s balance sheet has taken on greater purpose relative to its traditional role as a support instrument for monetary policy. Against this backdrop, with the ECB now embarked on the path of policy “normalisation”, it is timely to assess whether it is possible to return to the way things were before 2007, given that excess liquidity is determined by factors exogenous to monetary policy and can coexist with it indefinitely, even if policy is restrictive, as it is today.

Read More
Funcas

Think tank dedicado a la investigación económica y social

Contacto
C/ Caballero de Gracia, 28 | 28013 Madrid, España
+34 91 596 57 18 | funcas@funcas.es
Síguenos
Send this to a friend