Artículos
EMU peripheral sovereign debt: Resilience in the face of monetary policy and geopolitical risks
Looming ECB policy normalisation will likely lead to the rebalancing of relative prices for EMU peripheral sovereign debt. Nonetheless, improved economic fundamentals, the ECB’s commitment to preventing fresh episodes of financial fragmentation and favourable prospects for European integration should help reduce the risk of episodes…
The recovery of the Spanish mortgage market
Spain's mortgage market is recovering gradually in the wake of the pandemic, with new transactions outstripping loan repayments. This recovery, however, is very recent, and has not yet consolidated, with lingering and new sources of uncertainty affecting savings and borrowing patterns in ways that are…
The conflict in Ukraine and the Spanish economy
The invasion of Ukraine is adding upward pressure to energy markets, which were already the main obstacle to Spain’s recovery before the conflict. The precise effects of the crisis will depend on its scale and duration, but already the projections are for markedly higher inflation,…
Corporate venturing, una forma de innovación para las empresas
El corporate venturing transciende a la mera financiación, pues se trata de una fórmula de innovación que implementa criterios financieros y estratégicos.
Coste de capital en la banca española y europea
El artículo lleva a cabo una estimación del coste de capital, mediante el contraste entre la rentabilidad obtenida en 2021 y las valoraciones en mercado.