This article analyses the effects of the bank restructuring process performed in Spain between 2010 and 2016. First, we … Bank of Spain. Second, we investigate whether these reforms affected:(i) the stability, (ii) the degree of competition, and … instability. On the other hand, the increasing bank market power fostered financial stability (i.e., lower risk-taking behaviour …

narrative identification of banking crises in Spain. Afterwards, we run a proper econometric test to analyze bank capital levels …In this paper, we analyze the role bank capital played in systemic banking crises and in lending expansion and … contraction for nearly 150 years in Spain. We first build a measure of capital ratio (i.e., the capital to assets ratio) for Spain …