Artículo de revista ; This article analyzes the data on credit exposures and risk weighted assets (RWAs) disclosed by the European Banking Authority as result of the comprehensive assessment of European banks in 2014. We examine the sectoral composition of the credit portfolio and study...

Artículo de revista ; This article contains a detailed numerical analysis of the Spanish dynamic provision, both at the whole system level and at the level of different groups of banks. In general terms, the maximum amount of general or dynamic provisions accumulated at the peak of the lending...

Artículo de revista

Artículo de revista

Artículo de revista

Artículo de revista ; Financing conditions for households and businesses have remained accommodating in the second half of 2020, assisted by the support measures introduced by the economic and monetary authorities to contend with the fallout of the COVID-19 pandemic. However, there are signs of...

La visión de que los bancos centrales asuman un papel central en la preservación de la estabilidad financiera ha ganado peso tras la crisis financiera, y las políticas macroprudenciales se han convertido en un pilar fundamental para este objetivo. El marco de la política macroprudencial, sus...

In this paper we develop a probability of default (PD) model for mortgage loans, taking advantage of the Spanish Credit Register, a comprehensive database on loan characteristics and credit quality. From that model, we calculate different types of PDs: point in time, PIT, through the cycle, TTC,...

Policy discussions on the recent financial crisis feature widespread calls to address the pro-cyclicaleffects of regulation. The main concern is that the new risk-sensitive bank capital regulation (Basel II) may amplify business cycle fluctuations. This paper compares the leading alternative...

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