The lessons from the crisis of Cajas de Ahorros in Spain

The Cajas de Ahorros crisis in Spain was mainly caused by the involvement of these banks in the financial support to property development. The approach adopted by the Authorities has shown the limits of the restructuring process. A key lesson from the Spanish experience therefore is related to the need of banking supervision systems able to ensure financial stability and efficiency and to avoid the «too big to fail» consequences

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Year of publication:	2013
Authors:	Bottiglia, Roberto
Published in:	BANCARIA. - Bancaria Editrice. - Vol. 05.2013, May
Publisher:	Bancaria Editrice

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Extent:	text/html
Type of publication:	Article
Classification:	G01 - Financial Crises ; G21 - Banks; Other Depository Institutions; Mortgages ; G28 - Government Policy and Regulation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010857932