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. Posts 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 curious to know more.

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El colchón de capital anticíclico: qué es, por qué se ha revisado y qué implica para los bancos

04/06/2024 Ángel Estrada , Javier Mencía , Carlos Pérez Montes

El colchón de capital anticíclico (CCA) permite afrontar el riesgo para el conjunto del sistema bancario asociado al ciclo macrofinanciero. El CCA aumenta gradualmente los requisitos de solvencia de los bancos, cuando este riesgo es intermedio o elevado, y los reduce cuando se materializan los riesgos sistémicos. De este modo, facilita la absorción de pérdidas bancarias y un flujo estable de financiación a la economía.

Macroprudential policy

  • Financial stability
  • Credit

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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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Why do gender gaps still exist at work? The latest Economics Nobel laureate has the answer

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.

Laura Hospido , Manuel Rojo



What does a shrinking central bank balance sheet mean for your pocket?

The balance sheets of the European Central Bank (ECB) and the other euro area central banks have been shrinking since 2022 due to the phasing out of the past decade’s expansionary monetary policy measures. This has an impact on interest rates in the economy and therefore affects everyone directly.

Galo Nuño



Independent evaluations: a tool for transparency, improvement and modernisation

The Banco de España is conducting independent evaluations of its functions and activities through its Evaluation and Strategic Planning Office. This initiative places us at the vanguard of central banking in key aspects such as continuous improvement and transparency.

María Gutiérrez de Ojesto , Álvaro Moreno

BELab convenio acceso datos


Researcher access to public institutions’ micro data: a win-win scenario

Four years ago, the Banco de España opened its data laboratory BELab, to provide the research community with access to a wealth of micro data. We are now taking the next step to make a much broader range of data available to researchers through an ambitious agreement with other Spanish public institutions.

Ana Esteban , Juan Peñalosa



What does the Banco de España’s bottleneck index tell us about the economic impact of the tensions in the Red Sea?

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.

Francesca Viani

Essai Cantillon manuscrito biblioteca Banco de España


A treasure in the Library: the manuscript of Cantillon’s Essai, the first modern economic treatise

The Banco de España’s Library houses a late 18th-century manuscript of the first known Spanish translation of Richard Cantillon’s Essai sur la nature du commerce en général. This work is considered to be the cradle of modern economics.

Joaquín Selgas



Suptech: how innovative technology helps us supervise banks

The Banco de España seeks to promote innovative technology. Incorporating suptech into supervisory activity is a top priority. One of the pillars of our strategy is to capitalise on our rich data sources using tools like artificial intelligence (AI).

Javier Tarancón , Pilar Puig



Is reducing carbon emissions compatible with economic growth?

Squaring lower carbon emissions with growth requires energy efficiency to be improved and energy to be “decarbonised”. Headway on these fronts since the early 21st century has helped reduce emissions in Spain and Europe, but we must go much further if we are to achieve our climate targets.

Marta Suárez-Varela

Central de Balances


40 years of quality statistics on Spanish firms

The Banco de España’s Central Balance Sheet Data Office was launched in 1983 to create and maintain highly detailed databases on Spanish firms. It has since become a benchmark for statistical information and research on the Spanish business sector thanks to the wealth and quality of its data.

Manuel Ortega , Alfredo Maldonado , Carlos J. Pérez Castan



The banking union: what is it and how does it benefit us?

While incomplete, the banking union is already a reality and a key component of European integration. But what is it? Why does it matter? And how does it benefit us? The Deputy Governor answers these questions and looks at what still needs to be done.

Margarita Delgado

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