Financial distress and banking regulation: what is different about Spain? (notice n° 1112570)
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| fixed length control field | 01839cam a2200241 4500500 |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20250413015522.0 |
| 041 ## - LANGUAGE CODE | |
| Language code of text/sound track or separate title | fre |
| 042 ## - AUTHENTICATION CODE | |
| Authentication code | dc |
| 100 10 - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Ramos-Tallada, Julio |
| Relator term | author |
| 245 00 - TITLE STATEMENT | |
| Title | Financial distress and banking regulation: what is different about Spain? |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. | |
| Date of publication, distribution, etc. | 2010.<br/> |
| 500 ## - GENERAL NOTE | |
| General note | 15 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc. | We examine whether the restrictive prudential reregulation has reached its goal in terms of the banking sector’s soundness in Spain. The analysis shows the ability of the central bank to foresee the risks of the lending boom. Two main instruments, used during “good times” (2000-2007), distinguish the Spanish regulatory framework from most of its peers. (1) The capital adequacy ratios and the consolidation accounting rules related to off-balance sheet securitization have been stricter than in other countries. Unlike in U.S.A., using securitization for arbitrary purposes and reckless credit origination has been largely deterred. (2) Besides specific loan loss allowances, banks were required to make dynamic provisions on the basis of the business cycle average. By raising the reserves cushion against loans losses during the phase of high liquidity and fast credit growth, dynamic provisioning has acted as a countercyclical “insurance policy”. These measures can explain the absence of major bank bailouts, up to June 2010.JEL codes: E65, G21, G28 |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | banks |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | financial crisis |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | loan loss provisioning |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | prudential regulation |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | securitization |
| 690 ## - LOCAL SUBJECT ADDED ENTRY--TOPICAL TERM (OCLC, RLIN) | |
| Topical term or geographic name as entry element | Spain |
| 700 10 - ADDED ENTRY--PERSONAL NAME | |
| Personal name | Ramos-Tallada, Julio |
| Relator term | author |
| 786 0# - DATA SOURCE ENTRY | |
| Note | Journal of Innovation Economics & Management | 6 | 2 | 2010-11-02 | p. 49-76 |
| 856 41 - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | <a href="https://shs.cairn.info/revue-journal-of-innovation-economics-2010-2-page-49?lang=en&redirect-ssocas=7080">https://shs.cairn.info/revue-journal-of-innovation-economics-2010-2-page-49?lang=en&redirect-ssocas=7080</a> |
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