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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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.

Climate change and green transition

foto episodio 14

29/10/2025

How can we protect our economy when disaster strikes? Series: Economy, Inside the Bank

Carmen del Álamo , Isabel Alcalde , Raquel Vegas

Just a year ago, the Valencia flash floods shook Spain and raised doubts about our ability to cope with extreme weather conditions. How can we mitigate the social and material costs? What happens to an economy when devastation hits and cash is damaged? How can the Banco de España help in this kind of natural disasters? Join us in this special episode, dedicated to all the people affected by the floods and those who were part of the surge in solidarity that followed.

Climate change and green transition

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.

Climate change and green transition

Imagen capitulo 4

02/04/2025

What’s the cost of not being sustainable? Series: Sustainability, Women in Economy

Soledad Núñez

Imagine that, instead of living 50 more years, you were to live 200 more. Or even 500. Do you think you would use your resources as you do now, or would you rather keep a little more for tomorrow? That is what living sustainably is about: concerning ourselves not only with our own needs today but also with the needs of future generations. If you believe it would be very costly to create a sustainable world, you have no idea how expensive it would be to carry on with our unsustainable one.

Climate change and green transition