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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Sovereign bonds, climate change and investment: what do the metrics say?

Series: Focus. Research blog

29/09/2026 Mercedes de Luis and Clara I. González

Climate change now plays a role in investment decisions. More and more investors are considering the environmental impact of the assets they buy. Government debt securities are no exception. Find out what a sovereign bond’s carbon footprint is, how it is calculated and why it matters.

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How to use the calendar: use the arrow keys to navigate the calendar. Press the arrows to navigate by days of the month. Press shift and the arrows to navigate by month. Press control and the arrows to navigate by year.

How to use the calendar: use the arrow keys to navigate the calendar. Press the arrows to navigate by days of the month. Press shift and the arrows to navigate by month. Press control and the arrows to navigate by year.

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22/04/2026

The Banco de España’s Archive: a 30 km journey through history Series: Heritage

Patricia Alonso , Raquel Jiménez and Rosario Calleja

Did you know that the Banco de España’s Archive houses plans of major public works, beautifully handwritten papers and photographs that document life over more than two centuries? Let’s accompany Patricia Alonso, Raquel Jiménez and Rosario Calleja on a journey across 30 kilometres of shelves to discover how we preserve an institution’s memories, which are, after all, the collective memories of a whole society.

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09/03/2026

Women don't ask (and don't get) and other gender biases at work Series: Women in Economy

Laura Hospido

Would your work be valued the same if you were a woman instead of a man? What about the other way round? Are parts of your career shaped less by talent and more by gender? In this episode of CIENxCIEN, the Banco de España lifts the lid on the invisible prejudices at work, exploring how gender biases still drive opportunities, risks and appraisals. We need to change the score, not the orchestra, if we want to make the music sing.

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05/03/2026

What does responding “I don't know” say about your gender and your financial literacy and behaviour?

Laura Hospido and Margarita Machelett

The differences between men and women in financial literacy do not depend solely on whether their replies to a survey are right or wrong. Women tend to respond “I don’t know” more frequently. This option, which helps to explain the gender gap in literacy, is also linked to specific financial behaviours and settings.

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07/03/2025

8 March – Women and promotions: up the stairs or in the lift? Series: Women in Economy

Margarita Machelett , Lucía Arranz and Irene Cancelas

Inside the Banco de España, there is a lavatory with a label that designates it for use by “unmarried women”, a relic from a time when there were, when a woman got married, she would leave the workforce to dedicate herself to her new role as a housewife.
Since then, society and institutions have changed in countless ways. On International Women’s Day 2025, we would like to reflect on women’s career advancement and ask: are they taking the lift or do they still have to use the stairs?

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07/03/2025

What’s left of the glass ceiling? Women’s career advancement at the Banco de España

Soledad Núñez , Juan Manuel Delgado and Laura Hospido

Women now account for just over half of the Banco de España’s employees. We’ve also made considerable headway in management positions in recent years, all because of an ambitious agenda that promotes equal opportunities. Even so, we have not yet fully closed the gender gap.

07/03/2024

Why do gender gaps still exist at work? The latest Economics Nobel laureate has the answer Series: Focus. Research blog

Laura Hospido and Manuel Rojo

The gender gap in the labour market closed considerably during the 19th and 20th centuries. However, this process of convergence, both in labour market participation and wages, has slowed in the last two decades. Claudia Goldin’s research is key to understanding why.