Searcher
Olga Gouveia
Olga Gouveia
Lead Economist
Madrid

Olga Gouveia is Principal Economist in the Financial Systems Unit in BBVA Research with focus on the analysis of European Financial Systems.

Previously, Olga Gouveia worked in Moody's as Vice-President Senior Analyst at FIG, with leading analytical responsabilities for the ratings of Spanish and Portuguese banks.

Prior to that she worked as an Analyst and Associate in BPI Private Equity in Oporto.

She obtained a Degree in Economics from the University of Oporto, in Portugal in 1998 and an International MBA from IE Business School in 2003.

Latest publications

In the first week of July, the European Central Bank (ECB) published the results of the first climate risk stress test for European banks, with results showing significant progress. In contrast to the annual stress exercises it conducts, there are no passes or fails.
Despite limited exposures, we are likely to see impairments in banks' loan portfolios, an increase in the operational risk resulting from sanctions and a fall in profitability of the most-exposed banks which, in some cases, could erode part of their capital.
Refinancing operations are a core monetary policy tool to provide liquidity for credit institutions. Recently, some central banks, such as the Bank of Japan (BoJ), have started to align their objectives with the goal of a transition to a low-carbon economy, linking its monetary policy to climate change objectives