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Measurement of capital stock and input services of Spanish banks

Martín-Oliver, Alfredo; Salas-Fumás, Vicente; … - Banco de España - 2007

This paper contains estimates of physical and intangible (information technology, advertising and training) capital stock, together with capital, labor and externally provided input services, of Spanish commercial and saving banks in the period 1983 to 2003. Capital stocks are valued at...

Persistent link: https://www.econbiz.de/10005022267

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

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

, namely the mortgage system, mean that firms and their creditors mainly deal with credit provision and eventual insolvency … through the latter. However, in order to use the mortgage system, some firms must overinvest in capital assets (real estate …, equipment) since those are the assets that can be pledged as mortgage collateral. This overinvestment leads to productive …

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

main alternative procedure, the mortgage foreclosure; (ii) personal bankruptcy law is unattractive to the individual debtor …

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

Firm-specific factors influencing the selection of accounting options provided by the IFRS: Empirical evidence from Spanish market

Aledo, Juana; García-Martínez, Fernando; Diazaraque, … - Banco de España - 2009

It is generally accepted that International Financial Reporting Standards (IFRS) promote a "true and fair" presentation of financial statements. The improvement of the quality of financial reporting helps investors, bankers and regulators make better decisions. Spanish GAAP, on the other hand,...

Persistent link: https://www.econbiz.de/10008458129

Assessing the risk-return trade-off in loans portfolios

Mencía, Javier - Banco de España - 2009

This paper analyses the risk and return of loans portfolios in a joint setting. I develop a model to obtain the distribution of loans returns. I use this model to describe the investment opportunity set of lenders using mean-variance analysis with a Value at Risk constraint. I also obtain closed...

Persistent link: https://www.econbiz.de/10004969766

What explains the low profitability of Chinese banks?

García-Herrero, Alicia; Gavilá, Sergio; … - Banco de España - 2009

This paper analyzes empirically what explains the low profitability of Chinese banks for the period 1997-2004. We find that better capitalized banks tend to be more profitable. The same is true for banks with a relatively larger share of deposits and for more X-efficient banks. In addition, a...

Persistent link: https://www.econbiz.de/10004969781

The bank lending channel of unconventional monetary policy: the impact of the VLTROs on credit supply in Spain

García-Posada, Miguel; Marchetti, Marcos - Banco de España - 2015

We assess the impact on the credit supply to non-financial corporations of the two verylong-term refinancing operations (VLTROs) conducted by the Eurosystem in December 2011 and February 2012 for the case of Spain. To do so we use bank-firm level information from a sample of more than one...

Persistent link: https://www.econbiz.de/10011261909

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

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