EU financial conditions and Spanish banks

Letter from the Editors

Financial conditions

Changes in European financial
and monetary conditions: Summer 2018

Despite the ECB’s recent decision to prioritize the end of QE, while delaying rate hikes, EU banks may still see an improvement in net interest margins ...

Bank-sovereign nexus

Spain’s bank-sovereign
nexus (I): A view from the sovereign side

The link between bank and sovereign debt risk intensified during Europe’s recent financial crisis. However, close analysis of Spain’s experience ...

Savings banks

The reform of the Spanish cajas:
From savings banks to banks and foundations

The crisis hit Spain’s cajas (savings banks) particularly hard and, in part, led to the introduction of regulation that significantly reformed ...

Macroeconomic outlook

The Spanish economy in slowdown

While the solid recovery continued in recent months, the ongoing slowdown in domestic demand along with a less favourable external environment is expected to ...

Export performance

Is Spain experiencing an export miracle?

Between 2009 and 2016, the value of Spanish exports increased by 51%, leading some observers to label this development an ‘export miracle’. While ...

R&D+I investment

Spanish investment in R&D+I
in the wake of the crisis: Public versus private sector

While the expenditure trends in public and private sector R&D have historically moved in tandem in Spain, recent data indicate that the public sector has ...

Italy implications

Italy and possible implications for eurozone stability

After Italy’s unsuccessful push for reform at the EU Summit last month, many of its European partners may be tempted to write-off the country’s ...

Regulation and Economic Outlook
Recent key developments
in the area of Spanish financial regulation
Prepared by the Regulation and Research Department of the Spanish Confederation (CECA)
Spanish economic forecasts panel: July 2018
Funcas Economic Trends and Statistics Department
Key Facts
Economic Indicators
Financial System Indicators
Social Indicators