Similar Search Results

La provisión para insolvencias en las entidades de crédito : presente, futuro y pasado

Prado, Rafael (contributor) - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001723031

Boom-bust cycles, imbalances and discipline in Europe

Alberola, Enrique; Molina, Luis; Río, Pedro del - Banco de España - 2012

The fallout from the 2008 financial crisis has been particularly acute in the euro area Member States of the south-western rim and in the new EU Member States, due to their previously accumulated macroeconomic and financial imbalances. The perception that the euro environment provided a solid...

Persistent link: https://www.econbiz.de/10010678679

Implied default barrier in credit default swap premia

Alonso, Francisco; Forte, Santiago; Marqués, José M. - Banco de España - 2006

premium on credit default swaps (CDS). As well as considering a more extensive international sample of corporations (96 US … the default point in the absence of CDS (such as the optimal default point for shareholders, the default point in the … rating (CDS less than 150 bp) and those with a non-investment grade rating. …

Persistent link: https://www.econbiz.de/10005590716

Short-sale constraints and financial stability: Evidence from the Spanish market

Arce, Óscar; Mayordomo, Sergio - Banco de España - 2014

We examine the effect of the short-selling ban in 2011 on Spanish stocks on the level of risk in the banking sector. Before the ban, short positions were found to be positive and significantly related to the creditworthiness of medium-sized banks, these being generally less internationally...

Persistent link: https://www.econbiz.de/10010862259

Why do spanish firms rarely use the bankruptcy system? The role of the mortgage institution

García-Posada, Miguel; Mora-Sanguinetti, Juan S. - Banco de España - 2012

the Spanish bankruptcy system relative to that of an alternative insolvency institution, the mortgage system, and the …

Persistent link: https://www.econbiz.de/10010678678

Insolvency institutions and efficiency: the Spanish case

García-Posada, Miguel - Banco de España - 2013

low creditor protection of the Spanish bankruptcy system relative to those of an alternative insolvency institution …, namely the mortgage system, mean that firms and their creditors mainly deal with credit provision and eventual insolvency …

Persistent link: https://www.econbiz.de/10010678693

Are there alternatives to bankruptcy? a study of small business distress in Spain

García-Posada, Miguel; Mora-Sanguinetti, Juan S. - Banco de España - 2013

note that these results are based on data that do not yet capture the impact of recent reforms of the Spanish insolvency …

Persistent link: https://www.econbiz.de/10010705525

Disentangling contagion among sovereign cds spreads during the european debt crisis

Broto, Carmen; Perez-Quiros, Gabriel - Banco de España - 2013

During the last crisis, developed economies’ sovereign Credit Default Swap (hereafter CDS) premia have gained in … importance as a tool for approximating credit risk. In this paper, we fit a dynamic factor model to decompose the sovereign CDS …

Persistent link: https://www.econbiz.de/10010862250

Estimation of Regulatory Credit Risk Models

Montes, Carlos Pérez - Banco de España - 2013

This article estimates a general credit risk model with both macroeconomic and latent credit factors for Spanish banks during the period 2004-2010. The proposed framework allows to estimate with bank level data both the standard credit risk model of Basel II and generalized models. I fi nd...

Persistent link: https://www.econbiz.de/10010862283

Collateral, type of lender and relationship banking as determinants of credit risk

Jiménez, Gabriel; Saurina, Jesús - Banco de España - 2004

This paper analyses the determinants of the probability of default (PD) of bank loans. We focus the discussion on the role of a limited set of variables (collateral, type of lender and bank borrower relationship) while controlling for the other explanatory variables. The study uses information...

Persistent link: https://www.econbiz.de/10005022225