El Banco de España utiliza distintos modelos de carácter microeconómico, mayoritariamente de naturaleza empírica, para sustentar su toma de decisiones en relación con el análisis de los riesgos económicos y financieros y del asesoramiento de la política económica. Esta familia de...

The COVID-19 pandemic has significantly altered the financing of the non-financial private sector. Financing of the self-employed and businesses has risen as a consequence of both the increase in demand, stemming from greater liquidity needs and from the perceived increase in refinancing risks,...

Artículo de revista ; We study the sensitivity of bank profits and balance sheet structure to changes in the level of interest rates in Spain during the 2000-2016 period. Autoregressive distributed lag (ARDL) models with controls for the business cycle and interest rate levels are estimated for...

Artículo de revista ; We study the sensitivity of bank profits and balance sheet structure to changes in the level of interest rates in Spain during the 2000-2016 period. Autoregressive distributed lag (ARDL) models with controls for the business cycle and interest rate levels are estimated for...

Artículo de revista ; This article analyzes the data on credit exposures and risk weighted assets (RWAs) disclosed by the European Banking Authority as result of the comprehensive assessment of European banks in 2014. We examine the sectoral composition of the credit portfolio and study...

Este artículo contiene el primer análisis del Banco de España sobre el impacto en el sector bancario de los riesgos de transición energética, utilizando para ello su marco interno de pruebas de resistencia Forward Looking Exercise on Spanish Banks (FLESB). Se consideran distintos escenarios...

This article contains the Banco de España’s initial analysis of the energy transition risks’ impact on the banking sector, using its Forward Looking Exercise on Spanish Banks (FLESB) in-house stress-testing framework. Different macroeconomic scenarios, linked to higher prices and the...

En este trabajo se desarrolla un modelo del impacto del riesgo climático en la oferta crediticia y se evalúan sus predicciones según datos granulares sobre incendios forestales y préstamos corporativos en España. Los hallazgos revelan una disminución significativa del crédito de las...