Artículo de revista ; According to the balance of payments (BoP) statistics, in an environment of ongoing economic upturn, Spain was once again a net lender in 2018, albeit to a lesser extent than in preceding years. The decline in net lending is explained by the decrease in the goods and...

Artículo de revista ; According to the balance of payments statistics, Spain’s net lending stood at 2.3% as a percentage of GDP in 2019, slightly down on the prior year, against a backdrop of continued, albeit slowing, economic growth. Developments in net lending are explained by the...

Artículo de revista ; On balance of payments statistics, in 2021 Spain’s net lending amounted to 1.8% of GDP (1.2% in 2020). This increase mainly reflected the partial recovery in the travel surplus, thanks to the improvement in the epidemiological situation prompted by the headway in...

Artículo de revista ; In 2020, the Spanish economy recorded net lending of 1.1% of GDP, significantly below the previous year’s level of 2.5%. This decline essentially reflects the impact of the health crisis on travel credits, which contracted sharply, owing to the restrictions on...

Artículo de revista

Artículo de revista

Artículo de revista ; According to the balance of payments (BoP) statistics, in 2016 the Spanish economy once again became a net lender. The increase in the current account balance mainly reflected the decline in the trade deficit, driven by the decrease in the energy bill and the increase in...

Artículo de revista ; According to the balance of payments (BoP) statistics, the Spanish economy once again became a net lender in 2017, despite the rise in oil prices and the strength of domestic demand. Factors that are foreseeably temporary, such as low interest rates, and other longterm...

Artículo de revista ; The economic, political and institutional ties between Latin America and China have become closer as the Chinese economy has grown. Indeed, as a result of its rapid economic growth, China now plays a systemic role in the world economy. However, since the global financial...

La extensa literatura macroeconómica que pretende explicar el ampliamente observado equity home bias ignora a las empresas internacionalmente activas. En un modelo DSGE que presenta la elección endógena de las empresas de ser activas internacionalmente —ya sea a través de las exportaciones...