Articles

Articles

La ventaja de trabajar: salud mental, pobreza y empleo en España

Este artículo analiza la relación entre salud mental, pobreza y participación laboral en España.


The major central banks and the fight against climate change: Assessing the latest policy initiatives

While it is widely acknowledged that climate policy-making is the prime responsibility of governments, central banks are also taking steps to address climate change within their remits. That said, the extent to which central banks integrate climate risks into their work varies depending on each institution’s respective mandate and domestic political preferences vis-à-vis climate change.


Intangible assets and competitiveness of Spain’s manufacturing industry: An international comparison

The intensity of the Spanish manufacturing sector’s investment in intangible assets is practically half of the European average and this gap has widened since the financial crisis. For the Spanish manufacturing industry to gain competitiveness at the international level, it must commit strongly to digitalisation, which requires closing the gap in investment intensity in intangibles relative to its competitors.


The strategic complementarity between competition and industrial policy

Despite broad-based agreement within economic circles regarding the drawbacks related to the application of industrial policies, recent global challenges have reopened the debate over their potential benefits. If public sector intervention is indeed necessary, it should be aligned to encourage competition and innovation.


CoCos and bank resolution: Overcoming March stigma

Given the fact that they are considered loss absorbing instruments in the event of resolution, CoCos have emerged as a very important barometer for measuring confidence in the banking system. Although the bail-in of CoCos during the rescue of Credit Suisse created a stigma that prompted the global CoCo market to collapse, the market has recovered in recent months, marked by a significant rebound in prices and, above all, in issuance activity.


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