Financial flows and balance sheets of households and non-financial corporations in 2018

Artículo de revista

Bibliographic Details
Authors: García-Vaquero Álvaro, Víctor, Casado, Juan Carlos
Format: article
Publication Date:2019
Country:España
Institution:Banco de España
Repository:Repositorio Institucional del Banco de España
OAI Identifier:oai:repositorio.bde.es:123456789/9060
Online Access:https://repositorio.bde.es/handle/123456789/9060
Access Level:Open access
Keyword:Financing
Credit
Investment in financial assets
Household debt
Non-financial corporations and saving ratio
Análisis financiero
Coyuntura económica
Instituciones crediticias de depósito
Financiación de la empresa
Datos macroeconómicos generales
Economía del consumo y del ahorro
M21
D22
G21
L25
R2
id ES_c33f8155e123e54f50904e7e2d71d55c
oai_identifier_str oai:repositorio.bde.es:123456789/9060
network_acronym_str ES
network_name_str España
repository_id_str
spelling Financial flows and balance sheets of households and non-financial corporations in 2018García-Vaquero Álvaro, VíctorCasado, Juan CarlosFinancingCreditInvestment in financial assetsHousehold debtNon-financial corporations and saving ratioAnálisis financieroCoyuntura económicaInstituciones crediticias de depósitoFinanciación de la empresaDatos macroeconómicos generalesEconomía del consumo y del ahorroM21D22G21L25R2Artículo de revistaThe Financial Accounts of the Spanish Economy (FASE) show that in 2018 households received positive net bank financing for the first time since 2011, mainly due to the increase in consumer credit and other lending, while their saving ratio continued to fall, to a new historical low. These developments were, however, compatible with a further reduction in household bank debt (to 59% of GDP, down 26 percentage points (pp) from its peak in 2010). At the same time, the gross financial wealth of households edged down, for the first time since 2012, mainly as a result of the fall in value of their holdings of financial instruments caused by the global financial market tensions in the latter months of 2018. As regards firms, although their total borrowing in consolidated terms was positive in 2018, their debt ratio fell to 75% of GDP at the end of the year (down 43 pp from its 2010 peak). The market value of the equity securities of firms fell by 4.1% in 2018. This fall, the first since 2008, was a consequence of moderate fund raising and especially of the decline in value of these liabilities, largely owing to the drop in stock market indices at the end of 2018 (this drop was, however, reversed in the first few months of 2019)2019info:eu-repo/semantics/articleapplication/pdfhttps://repositorio.bde.es/handle/123456789/9060reponame:Repositorio Institucional del Banco de Españainstname:Banco de EspañaInglésEconomic Bulletin / Banco de España, 2/2019Versión en español 123456789/8460info:eu-repo/semantics/openAccessoai:repositorio.bde.es:123456789/90602026-06-20T12:44:27Z
dc.title.none.fl_str_mv Financial flows and balance sheets of households and non-financial corporations in 2018
title Financial flows and balance sheets of households and non-financial corporations in 2018
spellingShingle Financial flows and balance sheets of households and non-financial corporations in 2018
García-Vaquero Álvaro, Víctor
Financing
Credit
Investment in financial assets
Household debt
Non-financial corporations and saving ratio
Análisis financiero
Coyuntura económica
Instituciones crediticias de depósito
Financiación de la empresa
Datos macroeconómicos generales
Economía del consumo y del ahorro
M21
D22
G21
L25
R2
title_short Financial flows and balance sheets of households and non-financial corporations in 2018
title_full Financial flows and balance sheets of households and non-financial corporations in 2018
title_fullStr Financial flows and balance sheets of households and non-financial corporations in 2018
title_full_unstemmed Financial flows and balance sheets of households and non-financial corporations in 2018
title_sort Financial flows and balance sheets of households and non-financial corporations in 2018
dc.creator.none.fl_str_mv García-Vaquero Álvaro, Víctor
Casado, Juan Carlos
author García-Vaquero Álvaro, Víctor
author_facet García-Vaquero Álvaro, Víctor
Casado, Juan Carlos
author_role author
author2 Casado, Juan Carlos
author2_role author
dc.subject.none.fl_str_mv Financing
Credit
Investment in financial assets
Household debt
Non-financial corporations and saving ratio
Análisis financiero
Coyuntura económica
Instituciones crediticias de depósito
Financiación de la empresa
Datos macroeconómicos generales
Economía del consumo y del ahorro
M21
D22
G21
L25
R2
topic Financing
Credit
Investment in financial assets
Household debt
Non-financial corporations and saving ratio
Análisis financiero
Coyuntura económica
Instituciones crediticias de depósito
Financiación de la empresa
Datos macroeconómicos generales
Economía del consumo y del ahorro
M21
D22
G21
L25
R2
description Artículo de revista
publishDate 2019
dc.date.none.fl_str_mv 2019
dc.type.none.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://repositorio.bde.es/handle/123456789/9060
url https://repositorio.bde.es/handle/123456789/9060
dc.language.none.fl_str_mv Inglés
language_invalid_str_mv Inglés
dc.relation.none.fl_str_mv Economic Bulletin / Banco de España, 2/2019
Versión en español 123456789/8460
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositorio Institucional del Banco de España
instname:Banco de España
instname_str Banco de España
reponame_str Repositorio Institucional del Banco de España
collection Repositorio Institucional del Banco de España
repository.name.fl_str_mv
repository.mail.fl_str_mv
_version_ 1869418758494224384
score 15,198674

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