Artículo de revista ; La estabilidad del sistema financiero se ve influida por el riesgo empresarial en el sector real de la economía. El trabajo contiene un análisis exploratorio del riesgo empresarial y sus implicaciones para la morosidad del sector no financiero entre 1992 y 2002, a partir...

The observed high levels of banks' operating efficiency, profi ts and market values in the years before the fi nancial crisis raise reasonable doubts about the information content of conventional performance measures for the accurate assessment of the effi ciency of banking intermediation. In...

We examine the consequences of imposing higher capital requirements on banks (as under Basel III or, recently, in the case of large banks in the European context) for bank dynamics in complying with the new standards and for the long-term effects on bank lending rates and the demand for bank...