Banco de España Blog

Using a simple format and plain language, the Banco de España Blog seeks to make our work more accessible to the general public. It allows us to share our analysis of economic and financial issues and the ins and outs of the Banco de España’s tasks and activities with all those keen to learn more.

The Blog series group together posts covering certain similar topics. Further down is a general listing of all Blog posts, with a search function to help readers find the posts they are interested in.

 

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Advancing towards the future of our money: the digital euro

20/11/2025 Juan Ayuso (Director General Operations, Markets and Payment Systems)

Why all the talk about the digital euro? Since 2021 the Eurosystem has been working on a digital version of the euro, so the public can enjoy the benefits of cash in their digital payments. The Governing Council of the ECB has decided to move to the next phase of the project. You may be wondering what the digital euro means for you.

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73 results found with the selected filters

Euro Digital

20/11/2025

Advancing towards the future of our money: the digital euro

Juan Ayuso

Why all the talk about the digital euro? Since 2021 the Eurosystem has been working on a digital version of the euro, so the public can enjoy the benefits of cash in their digital payments. The Governing Council of the ECB has decided to move to the next phase of the project. You may be wondering what the digital euro means for you.

Subhome

11/11/2025

Size does matter. The challenge of company growth in Spain Series: Challenges for the Spanish economy

Beatriz González , Eduardo Gutiérrez

Spain faces a structural challenge: the small size of its firms. This limitation curtails productivity, innovation and employment. Why do our firms grow less than European ones? Understanding this is key to building a more dynamic and productive economy.

Imagenes-subhome-listado

06/11/2025

What impact do armed conflicts have on international trade? Series: Focus. Research Videoblog

Francesca Viani

Military conflicts in Ukraine and Palestine have changed the geopolitical landscape. They have also affected international trade, showing that a country is more vulnerable when it concentrates its imports in a few countries. Find further details in the study “Sourcing all the eggs from one basket: trade dependencies and import prices” by Irina Balteanu, Katja Schmidt, and Francesca Viani.

ANIVERSARIO DANA

30/10/2025

The flash floods in Spain, one year on: the economic impact of a natural disaster

Iván Kataryniuk , Alejandro Fernández

Natural disasters like the Valencia floods bring economic activity to a standstill. The reconstruction effort is helping GDP recover and replacing damaged assets with more productive capital may boost growth. But the heavy losses in the stock of wealth and capital could have a lasting negative effect on GDP growth in the region.

PREMIO NOBEL 2026 LISTADO

13/10/2025

The 2025 Nobel Prize in Economics: how technological innovation drives economic growth

Enrique Alberola

The 2025 Nobel Prize in Economics has been awarded to Professors Mokyr, Aghion and Howitt. Their analysis explains why economic growth only took off after the industrial revolution. The resulting social and economic environment prompted a cascade of innovations and speeded up growth. A timely award just when that environment seems to be changing.

Subhome

10/10/2025

The Banco de España opens its doors: a journey through the art and architecture of a time-honoured institution Series: Treasures of the Banco de España

Yolanda Romero

The Banco de España is opening its doors to you if you are keen to explore the history, architecture and art collection of this institution dating back more than 200 years. Join us for guided tours of the building.

Subhome

25/09/2025

Centuries of history on the page. Conserving our heritage at the Banco de España Library Series: Treasures of the Banco de España

Celia Álvaro Gómez , Patricio Cerro de la Fuente

Imagine you’re reading a book that dates back 500 years. How has it managed to survive wars, fires, floods and centuries of use? Largely thanks to the efforts of libraries like ours at the Banco de España.

Subhome_retos

19/09/2025

Spain’s regulatory complexity: a drag on business and economic growth Series: Challenges for the Spanish economy

Juan S. Mora-Sanguinetti

The quality of the regulatory framework influences economic growth. Spain’s dense and fragmented regulation drives up costs and hinders entrepreneurship. Greater regulatory consistency and simplicity could foster a more dynamic, efficient and inclusive business landscape, particularly for small firms and new entrepreneurs.

Subhome

05/09/2025

Desertification and wildfires in Spain. The impact of climate change on bank lending

Laura Álvarez , Carmen Broto , Olivier Hubert , Sergio Mayordomo

Desertification and the greater severity and frequency of wildfires pose a major climate risk for Spain. Together they can affect economic activity and also bank lending and financial stability. Conducting rigorous research on these issues allows us to understand their financial risk and helps us mitigate it.

ArchivoSubhome

06/08/2025

The Banco de España’s Historical Archive: a chronicle of our past Series: Treasures of the Banco de España

Elena Serrano

The Banco de España’s Historical Archive is one of the best-preserved bank archives in the world. It safeguards millions of documents dating back to 1782 and oversees our remarkable collection of banknotes and coins. It is an indispensable source of information about Spain’s modern history and is increasingly accessible to the public.