Articles

Structural adjustments and stability in European sovereign debt markets

5 February 2026

European sovereign debt markets are undergoing significant structural shifts that simultaneously reduce demand and increase supply. Yet pricing stability has persisted amid geopolitical uncertainty, reflecting clearer policy signals and more predictable institutional responses.

• Análisis financiero
• Funcas Europe

Autores: Jones, Erik

Tags: Sovereign debt

Shadow banking and financial stability in an era of private credit

The rapid expansion of non-bank financial institutions is reshaping the geography of
financial risk in Europe and globally. High leverage, liquidity mismatches, and growing
interconnections with traditional banks raise the probability that future episodes of stress
originate outside the regulated banking perimeter.

• Análisis financiero
• Área financiera y digitalización
• Banca
• Transformación bancaria y el cliente digital

Autores: Cuadros Solas, Pedro, Rodríguez Fernández, Francisco, Suárez, Nuria

Tags: Shadow banking

Rebuilding momentum in Europe’s IPO pipeline

IPO markets remain subdued in Europe despite strong secondary-market performance and private equity dynamism. Structural fragmentation, compliance burdens, and limited liquidity windows constrain the pipeline even in the face of reforms that seek to lower execution risk and expand issuer participation.

• Análisis financiero
• Área financiera y digitalización
• Estrategias empresariales

Autores: Muñoz González-Úbeda, Patricia, Peña, Irene

Tags: Corporate finance

Generative AI and the future of work and education

Generative AI is reshaping labour markets primarily by reorganizing tasks within occupations rather than eliminating jobs outright, with uneven effects on wages, employment, and access to entry-level roles. These outcomes depend not only on technical capabilities, but also on human agency, institutional choices, and how education systems adapt to shifting
expertise thresholds.

• Big Data
• Educación
• Empleo y capital humano

Autores: Cabrales, Antonio

Tags: Generative AI

AI’s Impact on Productivity and Market Dynamics

Artificial intelligence promises major efficiency gains but may also reinforce industrial concentration, labor market polarization, and stock market overvaluation. The current AI-driven market boom raises questions about the growing disconnect between technological expectations and real-economy fundamentals.

• Área de economía
• Área financiera y digitalización
• Estrategias empresariales
• Macroeconomía

Autores: Área financiera y digitalización

Tags: AI impact