Artículo de revista ; The latest SAFE results show that the activity of Spanish SMEs continued to grow in the period from October 2021 to March 2022, albeit at a slower pace than six months earlier. The rise in costs prompted a deterioration in profits for most of these firms. Access to...

Rationale: In recent years the Spanish business sector has experienced unprecedented shocks: the onset of the pandemic, supply chain bottlenecks and escalating commodity prices. In this setting, it is important to assess the sector’s economic and financial situation. Takeaways •Between April...

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...

Artículo de revista ; In the early stages of the global financial crisis and the COVID-19 crisis, bond issuance by non-financial and non-bank financial corporations in the developed economies hit record levels. However, the underlying reasons for this are different: during the global financial...

Artículo de revista ; In recent months, financing conditions for non-financial corporations and households have remained very favourable, while demand for credit has lost momentum. In this setting, the flow of new financing raised by these two institutional sectors and their outstanding debt...

Artículo de revista ; Since summer 2020, resident banks’ lending to non-financial corporations has been sluggish. In the wake of the impact of the health crisis, this has been against a backdrop of weak demand, a relatively steady supply of bank lending and an increase in financing obtained...

Artículo de revista ; This article describes the different consumer credit crowdfunding platform models that are currently operating in Spain and analyses their development and their main characteristics by drawing on granular data publicly available from two of the platforms operating in...