Este trabajo muestra que la heterogeneidad de las ratios de capitalización bancaria desempeña un papel importante en la transmisión de la política monetaria a los préstamos bancarios. Primero, muestro nueva evidencia empírica sobre la dependencia de las respuestas de los préstamos...

The pass-through of market interest rates to the financial conditions of households and firms represents an essential element in the monetary policy transmission mechanism. In this document, we analyze how this transmission is developing in the current hiking cycle in the euro area and in Spain,...

The pass-through of market interest rates to the financial conditions of households and firms is an essential element in the monetary policy transmission mechanism. In this paper, we analyse how this transmission is playing out in the current hiking cycle in the euro area and in Spain, as...

Climate change and its management and mitigation are unquestionably among the main risks facing our society in the coming decades. The financial sector plays a key role in this challenge, firstly because of its exposure and the consequent capital shocks if this risk crystallises, and secondly...

Artículo de revista

Artículo de revista

Artículo de revista

Artículo de revista ; Banks have always managed to make the most of technology to improve their efficiency and the service provided to their customers, but they now face a new wave of innovation with much wider implications for financial services. Despite the acknowledged benefits, developments...

Artículo de revista ; This article provides an update of the determinants of dollar-denominated long-term debt issuance by euro area banks, with a particular focus on deviations from Covered Interest Parity (CIP). These deviations, which have become more common since the global financial...