En este trabajo se analiza la liquidez del mercado de deuda pública a diez años en Estados Unidos antes y después de la crisis financiera. Se consideran tanto el nivel como su resistencia, es decir, la forma en que la liquidez reacciona a los shocks financieros. Tras analizar cinco...

El Banco de España cuenta desde diciembre de 2021 con tres nuevas herramientas macroprudenciales (Circular 5/2021): el componente sectorial del colchón de capital anticíclico, los límites a la concentración sectorial, y los límites y condiciones a la concesión de préstamos. Los nuevos...

Since December 2021 the Banco de España has three new macroprudential tools (Circular 5/2021): the sectoral component of the countercyclical capital buffer, limits on sectoral concentration, and limits and conditions on loan origination. The new sectoral instruments will allow it to address the...

Structural risks are long-term non-cyclical risks stemming from the structural characteristics of the financial system and the wider economy. In this respect, the systemic risk buffer (SyRB) is a fairly flexible macroprudential instrument that aims to address such risks. However, the European...

Structural risks are long-term non-cyclical risks stemming from the structural characteristics of the financial system and the wider economy. In this respect, the systemic risk buffer (SyRB) is a fairly flexible macroprudential instrument that aims to address such risks. However, the European...