Artículo de revista ; El impacto de la pandemia de Covid-19 está suponiendo un desafío sin precedentes a escala internacional y la mayor prueba de resiliencia a la que se enfrenta el sector bancario —y el sistema financiero en su conjunto— desde la gran crisis financiera de 2008. La...

Artículo de revista ; La irrupción de la pandemia provocada por el Covid-19 ha originado una recesión económica sin precedentes a escala mundial, que ha llevado a las agencias de rating a aumentar las rebajas de calificación crediticia. Este proceso podría prolongarse durante los próximos...

Artículo de revista ; Financial stability is aimed at preventing and mitigating systemic risk, which is largely associated to the tail risk of macrofinancial variables. In this context, policy makers need to consider not only the most likely (central tendency) future path of macrofinancial...

Artículo de revista ; The technologies underlying money and payment systems are evolving rapidly. Both the emergence of distributed ledger technology (DLT) and rapid advances in traditional centralised systems are moving the technological horizon of money and payments. These trends are embodied...

Artículo de revista ; Facing the challenges and leveraging the opportunities from digitalization may require changes to the traditional business model of central banks. This paper focuses on retail payments, where changes are being rapid and highly demanded by customers worldwide. Considering...

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Artículo de revista ; The impact of COVID-19 represents an unprecedented international challenge and the most severe test of the resilience of the banking industry – and of the financial system as a whole – since the global financial crisis of 2008. The rapid and resolute response of...

Artículo de revista ; A consequence of the outbreak of the pandemic triggered by COVID-19 is the unprecedented global economic recession that has led rating agencies to increase their credit rating downgrades. This process could continue in the coming months if the unfolding of the pandemic...

Artículo de revista ; Financial stability is aimed at preventing and mitigating systemic risk, which is largely associated to the tail risk of macrofinancial variables. In this context, policy makers need to consider not only the most likely (central tendency) future path of macrofinancial...

Artículo de revista ; Facing the challenges and leveraging the opportunities from digitalization may require changes to the traditional business model of central banks. This paper focuses on retail payments, where changes are being rapid and highly demanded by customers worldwide. Considering...