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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Size does matter. The challenge of company growth in Spain

Series: Challenges for the Spanish economy

11/11/2025 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.

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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.

73 results found with the selected filters

BalanzaPortada

28/07/2025

Spain’s trade with the United States and the impact of US tariffs

Francisco Javier Álvarez de Pedro , Coral García Esteban , Esther Gómez Rubio , Blanca Jiménez García

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.

imagen-fintech-pymes

17/07/2025

How can fintechs broaden SMEs’ access to financing? Series: Focus. Research Videoblog

José E. Gutiérrez

The fintech sector has the potential to broaden SMEs’ access to financing. José E. Gutiérrez and Josep Gisbert analyse this dynamic in “Bridging the Gap? Fintech and financial inclusion”.

Subhome_DANA

11/07/2025

After the flash floods in Spain, how did the Banco de España respond to the financial consequences?

Andres Azqueta , Ana Isabel Hernáez

The flash floods last autumn caused severe human, economic and environmental damage in eastern Spain. The Banco de España took a number of steps in response, including assessing and closely monitoring the financial situation in the area to identify the needs of households and businesses and any risks to the financial system.

estrategia en

01/07/2025

Everything you need to know about the ECB’s strategic review

José Luis Escrivá

After a year’s work, the Eurosystem central banks have approved the updated monetary policy strategy. This review was necessary in light of the rapidly changing world we are living in. Below I will try to explain what it is, what it is for, what has changed since the 2021 review and why it matters to you.

Subhome

26/06/2025

Supporting the euro’s international role: Eurosystem reserve management services

Ana Mª Calvache

The euro is the second largest foreign exchange reserve currency. Eurosystem reserve management services are provided by most euro area national central banks (the Banco de España being one of them) to central banks and international organisations outside the euro area that hold euro-denominated reserves.

Big Tech

17/06/2025

Big Tech and its role in the financial sector

María Gamoneda , Pablo Pérez , Marian Quesada

Providing financial services entails financial stability risks which warrant applying strict regulation to banks. Big Tech companies have made rapid inroads in this area but are not subject to similar legislation. It is time to rethink the regulatory perimeter, but who and what should be included?

Alimentos_Subhome

12/06/2025

Food security: what role do domestic production and imports play in Spain’s food supply?

Lucía Cuadro-Sáez

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.

Plan Estratégico Listado

28/05/2025

The Banco de España is preparing for the future with its new Strategic Plan

Julia Suárez

The Strategic Plan 2030 is intended to drive the Banco de España’s transformation – a transformation needed to face the challenges of an ever-changing environment and adapt to technological progress and new ways of working. This is how we will maintain our position as a leading central bank.

Subhome_IEF

27/05/2025

The Banco de España analyses the vulnerabilities and risks that could affect the Spanish financial system

Daniel Pérez Cid , Galo Nuño , Carlos Pérez Montes

The financial position of Spanish households, non-financial corporations and banks has fared favourably, while that of general government is more vulnerable. According to our latest Financial Stability Report, geopolitical tensions and the possibility of sudden, sharp corrections in the financial markets are the main risks to financial stability.

Tecnobilletes_subhome

12/05/2025

Traditional, but indispensable and cutting-edge. How much tech is packed into a banknote?

Fernando León , Raquel Pantoja , Cristina García , Miguel López

Cash is still essential in the digital age. Banknotes – from their design to production – incorporate the latest technology to be more secure, durable and sustainable. They are high-tech industrial products that are constantly being enhanced. At the Banco de España, we help design the banknotes of the future.