The analysis of bank accounting ratios as indicators of competitiveness has been complemented and occasionally revised by the increasing use of more sophisticated indices ofefficiency. In recent years, over a hundred studies have analysed the efficiency of financial institutions, concentrating...

The intensive process of financial European integration, together with the profound transformation and deregulation that has taken place in the Spanish Banking System, justifies the evaluation of its efficiency in comparison with that of other banking systems. In this context, the aim of this...

La formación continua (FC) forma parte importante del proceso educativo de los individuos de un país, y se desarrolla a lo largo de toda la vida de una persona. La realización de formación continua es fundamental para que el trabajador se adecúe a su puesto de trabajo, puesto que este tipo...

Presentation

Spain has suffered from a serious problem of productivity during the last expansion period which reached a wide majority of industries and almost all of the regions. Its origin was mostly unproductive capital accumulation induced by the real estate boom, but there were also exploitation problems...

Using new sectoral data on Spanish capital stock, real investment and credit we check for the presence of bank preferences for lending to particular branches of the economy. We show that these subsectors share specific characteristics in the levels and components of their cost of use of capital....

This paper develops a measure of social capital based on economic relationships and analyzes its effects on growth. Investment in social capital is modeled by using the conceptual framework for measuring physical capital services. The measure of social capital depends on expectations of income,...

This study analyses the time, sectorial and spatial pattern of the process of accumulation of human capital in Spain during the period 1964-98. The results show the generalized nature of the improvements as the basic feature. The increase that has taken place in each sector proves much more...

This article analyzes the way in which intemational stock markets transmit information around the world. We are able to decompose the influenced of one market on another one in two elements: the capability of one market to exercise influence on any other market and the sensitivity of every...

This paper analyzes Stiglitz and Weiss pure rationing model, and showshow the presence of informative assymmetry is a necessary but not a sufficientcondition for the existence of equilibrium with rationing. It proves that thebehaviour of banks -the maximization of expected loans efficiency- is...