sistema de indicadores de alerta temprana de presión fiscal ; The sovereign debt crisis in the euro area has raised interest …

more flexible ones. We account for path dependence, asymmetric shocks, movements in interest rates, and allow for … volatility under the float. Interest differential contemporaneously impacts exchange rate volatility under either regime, while … the interest differential intertemporal effect is not found. Accordingly we draw policy implications. …

Artículo de revista ; This note analyses the situation of Spanish general government debt in 2018. Public debt fell to … 97.1% of GDP, owing mainly to high economic growth. The average life of the debt stood at 7.5 years, with securities … representing 86.4% of total debt and with the holdings of non-residents accounting for a higher share. By sub-sector, central …

In recent years, for most emerging markets, public debt has decreased and its composition has evolved toward domestic … financing conditions and related deepening of local debt markets. In this paper, we assess the vulnerability reduction -conveyed … in the ratio of total debt to GDP- achieved for six selected emerging economies, focusing on the importance of exchange …

Artículo de revista ; According to the balance of payments statistics, Spain’s net lending stood at 2.3% as a … the foreign goods and services trade. For the time being, the information on the balance of payments relating to March …

? Do debtor countries, due to their negative net foreign assets position, keep accumulating external debt? Our results show … that in debtor economies the existing stock of net debt helps to limit current account deficits, thus halting future debt …

a large increase in its liabilities. Spain’s negative net international investment position increased to 84.3% of GDP … appreciation of the euro. Finally, in terms of GDP, the nation’s gross external debt stood at all-time highs (199.4%) owing to the … contraction in economic activity and the assumption of new liabilities, in particular by the Banco de España, given the increase …

Rationale The balance of payments and international investment position provide insight into Spain’s economic relations …