Bedayo, Mikel; Estrada, Ángel; Saurina, Jesús - In: Latin American journal of central banking : LAJCB 1 (2020) 1/4, pp. 1-14
contraction for nearly 150 years in Spain. We first build a measure of capital ratio (i.e., the capital to assets ratio) for Spain … narrative identification of banking crises in Spain. Afterwards, we run a proper econometric test to analyze bank capital levels …