War of attrition and power of inaction: The Spanish financial crisis its lessons for the European Banking Union

The aim of this paper is to analyse the main causes of the Spanish financial crisis (2009/12). Risk mismanagement in the "war of attrition" between the main stakeholders (the central and regional governements, the Bank of Spain and the cajas), which was furtherreinforced by the &am...

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Detalles Bibliográficos
Autores: Otero Iglesias, Miguel, Royo, Sebastián, Steinberg Wechsler, Federico
Tipo de recurso: artículo
Fecha de publicación:2017
País:España
Institución:Universidad de Huelva (UHU)
Repositorio:Arias Montano. Repositorio Institucional de la Universidad de Huelva
Idioma:inglés
OAI Identifier:oai:ariasmontano.uhu.es:10272/14078
Acceso en línea:http://hdl.handle.net/10272/14078
Access Level:acceso abierto
Palabra clave:Spain
Banking Crisis
Supervision
Eurozone
European Banking Union
España
Crisis bancaria
Supervisión
Zona euro
Unión Bancaria Europea
Descripción
Sumario:The aim of this paper is to analyse the main causes of the Spanish financial crisis (2009/12). Risk mismanagement in the "war of attrition" between the main stakeholders (the central and regional governements, the Bank of Spain and the cajas), which was furtherreinforced by the "power of inaction" of the big SpanishBanks: Santander and BBVA