Using information of the balance sheets of Spanish banks between 1995 and 2009, we estimate the average impact of current and anticipated changes in banks’ capital on fi rm lending. We isolate the role of credit supply factors using the variation in capital growth associated to the...

¿Cómo deberían diseñarse los requerimientos de capital bancarios para hacer frente a los riesgos financieros derivados de la transición climática? Para responder a esta pregunta, primero, desarrollamos un modelo macroeconómico bancario de equilibrio general en el cual el sector productivo...

This paper first identifies the level of cyclical systemic risks in Spain, also calibrating their impact on the solvency of the banking system, and, second, assesses the costs and benefits of the countercyclical use of capital requirements. The first part of the paper is based on an integrated...

Este documento presenta un conjunto amplio de análisis para, en primer lugar, identificar el nivel de los riesgos sistémicos cíclicos en España y calibrar su impacto sobre la solvencia del sistema bancario y, adicionalmente, valorar los costes y beneficios del uso contracíclico de los...

Artículo de revista ; In 2019 Q3, according to the Bank Lending Survey, loan supply in Spain remained generally stable, with only credit standards for consumer credit to households tightening slightly, and terms and conditions on new loans for house purchase easing somewhat. By contrast, in the...

Artículo de revista ; According to the Bank Lending Survey, during 2019 Q4, credit standards tightened slightly for all categories of lending in Spain, whereas this only affected consumer credit and other lending to households in the euro area. In this segment, the general terms and conditions...

Artículo de revista ; According to the Bank Lending Survey, in 2020 Q1 credit supply contracted slightly in both Spain and the euro area, affecting practically all the segments analysed. Demand for loans continued to fall in Spain across the board, although firms’ demand fell at a slower rate...

Artículo de revista ; The latest Bank Lending Survey results show a widespread contraction of credit supply both in Spain and in the euro area in 2020 Q3, which would be linked to increased risk perception. On the demand side, demand from firms fell in both Spain and the euro area following the...

Artículo de revista ; According to the Bank Lending Survey, during 2020 Q4, both in Spain and in the euro area there was a slight contraction in the credit supply, linked to banks’ higher risk perceptions, against a background of a worsening economic outlook, which was also reflected in lower...

Artículo de revista ; According to the Bank Lending Survey, during 2021 Q1 the loan supply contracted slightly once again in almost all segments both in Spain and in the euro area, which is linked to banks’ heightened risk perceptions. Loan applications slipped across the board in the two...