Articles
COVID-19: A tsunami for public finances
Autores:
Lago Peñas, Santiago
COVID-19 has placed considerable pressure on Spain’s public finances, further complicating the outlook for the country’s fiscal consolidation.
Spanish banks’ preparedness for the COVID-19 crisis: A European comparison
Autores:
Maudos, Joaquín
Spanish banks’ key metrics, such as capital adequacy levels and liquidity buffers, have improved since the last crisis; however, the economic fallout from COVID-19 is projected to have an adverse impact on the sector.
Assessing the range of government guarantees: State support for the MARF
The third tranche of Spain’s government-backed guarantee scheme in response to COVID-19 will include the allocation of 4 billion euros to secure commercial paper issued on the alternative fixed-income market (MARF for its acronym in Spanish).
Spanish fiscal support measures: Boosting corporate liquidity in response to COVID-19
Although the Spanish government has introduced significant deferrals of state taxes and social security contributions, the scale and reach of these deferrals is smaller relative to some other EU-15 countries.
Official financing aid in response to COVID-19: Timeliness and sufficiency
Apoyo financiero
COVID-19
COVID-crunch
Medidas financieras
Préstamos participativos
Solvencia
Titulización de deuda
In contrast with the US, the state support measures adopted in Spain and the EU have mainly taken the form of credit guarantees and liquidity support rather than direct aid.