MODIFICACIONAUTORES
The Spanish banking sector and the European single banking market Fecha: septiembre 2012 Autores: Joaquín Maudos Etiquetas: Crisis bancaria, Integración financiera, Unión Europea Spanish and International Economic & Financial Otlook, SEFO, V. 1 N.º 3
Two major economic imbalances in Spain are the size of its negative financial position versus the rest of the world and its high level of external debt. A large part of Spain’s financing comes from banks in third countries and the effects of the crisis have led to increased capital
flight.
The Spanish economy and in particular the banking sector have undergone an intense period of transformation driven by European integration, economic boom, and the financial crisis itself.
The crisis has had a severe impact on the international and Spanish financial sector. Although the Spanish financial sector has been initially more resilient to the crisis than its European counterparts, additional challenges are growing.