Articles
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Rewiring the European Central Bank
2 October 2024
On 13 March 2024, the ECB announced a new operational framework to manage its shrinking balance sheet, fundamentally altering its relationship with the banking system and financial markets. The major impact will be felt by 2026-2027 as the Eurosystem’s balance sheet decreases, requiring the ECB to adapt its monetary policy while preserving financial stability.
Autores: Jones, Erik
Tags: ECB framework
Spanish banks’ international footprint: Recent developments
Spain’s banks are becoming increasingly more international, as shown by the share of total assets commanded by their international business. This strategy of international expansion and geographical diversification has paid off, yielding the benefits associated with both processes for the consolidated groups relative to the domestic banking business.
Autores: Maudos, Joaquín
Tags: Spanish banks
Credit risk and provisions: Prudent management across the Spanish and European banks
Interestingly, the banks’ excellent earnings performance over the past two years, in both Spain and Europe, driven mainly by growth in net interest income on the back of high benchmark rates, has not had an adverse impact on asset quality. Within this context, it is worth singling out the prudent provisioning effort being made by the Spanish banks, and the European banks in general, so far this year, recognising considerably more provisions (overlays) than required under applicable accounting standards and banking regulations.
Autores: Alberni, Marta, Berges, Ángel, Rodríguez, María
Tags: Provisioning effort
The reemergence of the spectre of EMU fragmentation: More debt and France in the eye of the storm
Economic and political instability, both domestically and globally, have led to increased volatility in EU sovereign risk premiums, with France particularly affected. While the EU’s flexible fiscal rules offer temporary relief, long-term fiscal reforms are necessary to address underlying imbalances and return greater stability to EU sovereign debt markets.
Autores: Amor, José Manuel, Figueroa, Camila, Pino, Javier
Tags: Sovereign risk
Competencia financiera de los estudiantes en PISA 2022 y su relación con el contexto socioeconómico: un enfoque de España
25 September 2024
Este artículo analiza los resultados de los estudiantes en la parte de competencia financiera de PISA 2022, y explora cómo el nivel socioeconómico y las interacciones familiares influyen en el desarrollo de estas competencias esenciales.
Autores: Sanz, Ismael
Tags: Competencia financiera, Educación financiera, España, PISA 2022
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