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The distribution of debt across euro area countries: the role of individual characteristics, institutions and credit conditions
Bover, Olympia; Casado, Jose Maria; Villanueva, Ernesto; … - Banco de España - 2013
The aim of this paper is twofold. First, we present an up-to-date assessment of the differences across euro area countries in the distributions of various measures of debt conditional on household characteristics. We consider three different outcomes: the probability of holding debt, the amount...
Persistent link: https://www.econbiz.de/10010862266
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Determinants of default ratios in the segment of loans to households in Spain
Blanco, Roberto; Gimeno, Ricardo - Banco de España - 2012
default ratios in Spain for loans extended to the household sector. We estimate the models for two alternative definitions of … default and for two different loan categories. The dataset consists of a panel of 50 provinces and covers the period 1984 …-2009. The results of the models show that the dynamic behaviour of the default ratios of loans extended to Spanish households …
Persistent link: https://www.econbiz.de/10010678682
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Banking integration in Europe
Pérez, Daniel; Salas-Fumás, Vicente; Saurina, Jesús - Banco de España - 2005
The paper studies the evolution and determinants of banking integration across European countries, including New Member States, with attention to the impact that the Euro might have on that process. It is the first time that banking integration is being studied using the data on international...
Persistent link: https://www.econbiz.de/10005022235
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Earnings and capital management in alternative loan loss provision regulatory regimes
Pérez, Daniel; Salas-Fumás, Vicente; Saurina, Jesús - Banco de España - 2006
The paper sets an accounting and behavioral framework from which we derive a reduced form equation to test income smoothing and capital management practices through loan loss provisions (PLL) by Spanish banks. Spain offers a unique environment to perform those tests because there are very...
Persistent link: https://www.econbiz.de/10005022266
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An assessment of Basel II procyclicality in mortgage portfolios
Saurina, Jesús; Trucharte, Carlos - Banco de España - 2007
In this paper we develop a probability of default (PD) model for mortgage loans, taking advantage of the Spanish Credit …
Persistent link: https://www.econbiz.de/10005022292
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Credit cycles, credit risk, and prudential regulation
Jiménez, Gabriel; Saurina, Jesús - Banco de España - 2005
terms of screening of borrowers and in collateral requirements. Therefore, we confirm the predictions from theoretical …
Persistent link: https://www.econbiz.de/10005155236
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Do dynamic provisions reduce income smoothing using loan Loss provisions?
Pérez, Daniel; Salas-Fumás, Vicente; Saurina, Jesús - Banco de España - 2011
Spanish banks had to set aside a countercyclical loan loss provision during the period 2000 2004. The amount of such provision as well as the allowance accumulated had to be disclosed by banks. The former creates a natural experiment to test whether banks smooth earnings to mislead investors and...
Persistent link: https://www.econbiz.de/10009293111
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Third-country relations in the directive establishing a framework for the recovery and resolution of credit institutions
Nieto, María J. - Banco de España - 2014
This article presents a critical analysis of the principles behind the scope and forms of cooperation between EU Member States and third-country resolution authorities in the context of the 2014 Bank Recovery and Resolution Directive. The article also explores the future responsibilities of the...
Persistent link: https://www.econbiz.de/10010862258
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No bank, one bank, several banks: does it matter for investment?
Karaivanov, Alexander; Ruano, Sonia; Saurina, Jesús; … - Banco de España - 2010
This paper examines whether financial constraints affect firms’ investment decisions for older (larger) firms. We compare a group of unbanked firms to firms that rely on formal financing. Specifically, we combine data from the Spanish Mercantile Registry and the Bank of Spain Credit Registry...
Persistent link: https://www.econbiz.de/10008540441
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Securization and banks´ capital structure
Almazan, Andres; Alfredo … - Banco de España - 2015
Asset securitization offers banks the possibility of altering their capital structures and the financial intermediation process. This study shows that the introduction of securitization is associated with fundamental changes in the funding policies of banks. In particular, we present evidence of...
Persistent link: https://www.econbiz.de/10011201724