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.
04/02/2026
Technological innovation in financial services (known as fintech) is changing the way we manage our finances. Understanding its potential impact on financial stability is a key concern for the Banco de España and other financial supervisors around the world.
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28/01/2026
Economic forecasting in stormy weather Series: Economy
They say a butterfly flapping its wings in one part of the world can cause a hurricane in another, and everyone (people and countries alike) wants to be ready when this happens to the economy, so we’re not caught unawares. In this episode of CIENxCIEN, Ana Comellas invites Enrique Moral and Iván Kataryniuk to explain how macroeconomic projections enable us to anticipate the main economic variables, how accurate these forecasts are and how relevant they are in such a changing environment as the present one.
International trade
06/11/2025
What impact do armed conflicts have on international trade? Series: Focus. Research Videoblog
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.
28/07/2025
Spain’s trade with the United States and the impact of US tariffs
The United States is the sixth-largest market for Spain’s goods exports. While tariffs are expected to have a negative impact on the Spanish economy, this effect will likely be smaller than in the broader euro area, as Spain has less direct trade exposure to the United States and its bilateral trade is more geared towards services than that of the euro area.
12/06/2025
Food security: what role do domestic production and imports play in Spain’s food supply?
In recent years we have seen renewed interest in having a resilient food supply chain that ensures that food continues to reach consumers whatever the circumstances. Strategic food autonomy relies on strengthening domestic production and international trade, especially within the European single market.
23/04/2025
Can tariffs change the world? Series: International
The import tariffs that the United States is imposing are shaking markets and the global economy. Could tariffs be a game changer?
In recent decades every economy in the world has grown thanks to globalisation. But inequalities have increased in the most developed countries, creating a sense of injustice in some.
Grab your headphones and find out where the United States’ true hegemonic power resides.
International trade
13/03/2025
Against the tide: the EU-Mercosur trade deal
The European Union has stepped up its trade talks with Latin America in recent years, in response to shifts in geopolitics. One of the more tangible results has been the agreement with Mercosur which, if ratified, will strengthen economic integration between the two regions.
13/09/2024
The boom in Spanish exports since 2008: what do we export and where to?
Between 2008 and 2023, Spanish exports grew as a share of GDP from 26% to 39%. This extraordinary growth was broad-based across products and destinations. However, the increasing fragmentation of international trade flows might threaten the future performance of Spanish exports.
22/05/2024
International trade
31/01/2024
The Red Sea crisis is driving up global shipping costs. However, our bottleneck indicator suggests that, for the time being, the economic impact is limited compared with other previous episodes. In any event, developments must be closely monitored. Our daily bottleneck indicator enables us to track the situation in real time.
