La crisis europea que comenzó en 2007 demostró que era necesario avanzar hacia una integración bancaria profunda, que incluyera la centralización tanto de la supervisión como de los procesos de resolución de los bancos. ...

This study examines the effect of the use of securitization and credit derivatives on the risk profile of European banks. Using information from 134 listed European banks during the period of 2006-2010, the results show ...

This article analyzes the financial assistance provided to Greece in the first two rescue packages granted by the Troika (European Union, European Central Bank, and IMF). By drawing on official data and documentation, this ...

Small and Medium Enterprises (SMEs) are substantial contributors to employment and to the GDP growth in many countries. Therefore, understanding their difficulties to find appropriate financial resources are a key task for ...

The European Central Bank (ECB) has received a lot of criticism for its too little, too late performance to ease market pressures during the economic crisis. At the same time, the ECB and the Federal Reserve (FED) have ...

Around the world, most central banks set policy by committee. This is motivated in part by the idea that groups reach better decisions than individuals and in part by a desire for representation of different geographical ...

This chapter analyzes the countercyclical credit policy response in Argentina due to the Covid-19 pandemic. Specifically, the macroprudential regulations implemented by the Central Bank of Argentina (BCRA) to stimulate ...

Governments usually do not admit they are causing inflation deliberately. They try to take advantage of this situation, promoting populist actions. They issue money to fund increasing spending on subsidies and transfers, ...