This paper analyses the reasons why Spanish banks securitised in the period 2000-2007 on such a large scale that Spain has become the European country with the second-largest issuance volume after the UK. The results obtained by applying a logistic regression model to a sample of 408...

<title>Abstract</title>This paper uses a sample of 2,186 credit default swap spreads quoted in the European market during the period 2002-2009 to empirically analyze which model - accounting- or market-based - better explains corporate credit risk. We find little difference in the explanatory power of these...

This paper analyzes the impact of the guarantee provided by mutual guarantee societies (MGSs) on the risk premium that banks should charge for small- and medium-sized enterprise (SME) loans under the new Basel Capital Accords (Basel II and III). We also examine whether the foreseeable decrease...

This article provides a scenario-based analysis of how the European Union proposal for a new funding model for deposit insurance systems (DISs) would affect the Spanish banking sector. We examine the risk profiles of commercial banks, savings banks and credit cooperatives over the period 2007 to...