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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
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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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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
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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
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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
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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
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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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From proximity to distant banking: Spanish banks in the EMU
Martín-Oliver, Alfredo - Banco de España - 2010
This paper examines the nature of competition in the Spanish banking industry during the years before and after Spain joined the European Monetary Union (EMU). The paper models competition in a product-differentiated market where banks choose from a list of price (interest rates of loans and...
Persistent link: https://www.econbiz.de/10008540442
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Is There a Bank Lending Channel of Monetary Policy in Spain?
Hernando, Ignacio; Pagés, Jorge Martínez - Banco de España - 2001
This paper uses panel data on banks, for the period 1991-98, to test the existence of a banklending channel in the Spanish economy. In order to distinguish between loan demand and supply movements, several exercises are performed. First, we analyse the differential responses, to monetary policy...
Persistent link: https://www.econbiz.de/10008520560
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Financial Systems and the Role of Banks in Monetary Policy Transmission in the Euro Area
Ehrmann, Michael; Gambacorta, Leonardo; … - Banco de España - 2001
This paper offers a comprehensive comparison of the structure of banking and financial markets in the euro area. Based on this, several hypotheses about the role of banks in monetary policy transmission are developed. Many of the predictions that have been proposed for the U.S. are deemed...
Persistent link: https://www.econbiz.de/10008520568