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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What is the economic impact of climate change and environmental degradation? The case of house prices in the Mar Menor area

20/06/2024 Gabriel Pérez Quirós , Matías Lamas

A combination of extreme weather events and environmental degradation in the Mar Menor has resulted in real estate losses of more than €4 billion in the area. This figure is ten times the amount earned over the last 20 years from converting the surrounding land into irrigated farmland (one of the main drivers of the environmental degradation).

Climate change / Green transition

  • Real estate market
  • Financial stability

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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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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

subhome que tipos


Which ECB interest rate affects my loan or mortgage?

The European Central Bank sets three key interest rates. We explain which of these three currently affects the cost of our loans and mortgages most directly. Funnily enough, it’s not the one the media focus on most.

Jaime Martínez Martín


The digital euro: what is it and what’s in it for us

The growing use of electronic means of payment, such as cards and mobile payments, has led the Eurosystem to consider issuing a digital euro to complement cash. Here we explain what a digital euro would be and its advantages if eventually adopted.

Juan Ayuso

subhome impuestos


Who (really) foots the tax bill?

Taxpayers can sometimes pass at least some of their tax burden on to others. Understanding who really bears the cost is key to improving the Spanish tax system. Encouraging micro data-based research into “tax incidence” would be helpful.

David López Rodríguez

subhome colchones


The Banco de España raises the capital buffers for systemic banks

Systemic banks are key for the stability of the financial system. They are thus subject to specific additional regulatory capital buffers. For 2024 onwards, the Banco de España has raised the minimum buffers for Santander and BBVA, in line with the new framework set in place by the ECB.

Ángel Estrada

subhome gobernador


The costs of inflation warrant the firm monetary response. What lies ahead?

The Governor, Pablo Hernández de Cos, kicks off our blog, explaining the importance of keeping inflation under control, as well as the firm monetary policy response and how it may evolve going forward. The benefits of price stability outweigh the short-term costs of temporarily high interest rates.

Pablo Hernández de Cos

Imagen Contacto COM

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