Adrián Santos
Adrián Santos

Adrián Santos is an economist in the Financial Systems Unit at BBVA Research. He had previously been a trainee in the same department.

He gained a degree in Economics from the Universidad Carlos III in Madrid, spending some time at the Vienna University of Economics and Business.

Latest publications

The digital revolution is leading to an increased use of electronic payment instruments; however, cash is still used in 79% of retail payments. This note analyses the factors driving the use of cash for payments across EU countries classified in four categories: access to cash and banking products, degree of digitalisation, macroeconomic environment and cultural factors.
Some voices are defending the need for further consolidation as a way of fixing the problems remaining in the European banking system. While further consolidation has some advantages, it also implies some drawbacks and costs. This paper discusses the implications of consolidation for financial stability, solvency, efficiency, competition, digitalization and systemic risk.