alert_servicealert_serviceENTER user_add user_add NEW USER

Forgot your password?


Stay logged in to leave
Publication date
From
To
x

Your space


Forgot your password?
x

Login to participate



Not registered yet? Register now
x
Make your search by entering the text:
Make your search for other criteria:
Catalog Icon

Macroeconomic Effects of Taxes on Banking

Document Number 19/05

By , , ,

This paper evaluates the macroeconomic effects of taxes on banking in a small open economy in a currency union for three tax alternatives: an additional tax on profits, on deposits, and on loans. We propose a DSGE model with a rich detail of taxes and a banking sector and show that these three taxes are equivalent in their effects on macroeconomic variables.

Geographies:Global

Available in English

Catalog Icon

Central Bank digital currencies: features, options, pros and cons

Document Number 19/04

By ,

The emergence of cryptocurrencies is opening the way to Central Bank Digital Currencies (CBDCs). This paper highlights the pros and cons of issuing CBDCs under four different variants: from the more modest proposals to the most ambitious ones where there could be a serious disruption in financial intermediation.

Available in Spanish, English

Catalog Icon

Digital transformation and competition in the financial sector

By ,

Digital transformation has opened the financial services market to new kinds of providers with great disruptive potential, including big technology companies. This article explores how the scope of that integration is conditioned by regulation, data access rules and competition policy.

Available in Spanish, English

Catalog Icon

Patterns of domestic and cross-border e-commerce in Spain: A gravitational model approach

By , , ,

This paper presents econometric evidence on the determinants of domestic and cross-border e-commerce in Spain based on BBVA anonymised data. The paper applies the gravity model of trade to explain online credit card payment flows, using all private customer transactions of BBVA for Spain.

Available in English

Catalog Icon

Sovereign risk in the euro zone and its treatment in banking regulation

By ,

The crisis has brought with it a notable increase in public debt in the countries affected, especially intense in the peripheral countries of the euro zone. The Greek crisis has fuelled a debate on the treatment of debt holdings in banking regulation and its consideration as a risk-free asset.

Available in Spanish, English

Catalog Icon

Policy priorities to promote financial development in the context of Middle Income Trap

By , , , ,

This paper analyses the development of financial markets in Argentina, Colombia, Mexico and Peru in the context of the middle-income trap. This is particularly relevant for these economies, since well-developed and properly-functioning financial markets are fundamental to achieve high income status on a sustainable basis.

Available in English

Catalog Icon

Central bank digital currencies: An assessment of their adoption in Latin America

Document Number 18/13

By , , , , ,

This document focuses on identifying factors affecting the implementation of a Central Bank digital currency (CBDC) in Latin American countries. The adoption of a CBDC (non-universal) for the interbank and wholesale payment system would lead to a relatively minor level of disruption in the economy. In this case, the implementation costs is an important issue.

Available in Spanish, English

Catalog Icon

The labor share in the service economy

Document Number 18/09

By

Much research has documented a decline in the aggregate labor share in the United States and other countries. Yet, this is not a general phenomenon across industries. In fact, there has been a divergence between services and non-services industries in the United States since 1980.

Geographies:USA Europe

Available in English

Catalog Icon

Financial and Fiscal Shocks in the Great Recession and Recovery of the Spanish Economy

Document Number 18/08

By , , , ,

In this paper we develop and estimate a new Bayesian DSGE model for the Spanish economy that has been designed to evaluate different structural reforms.

Geographies:Spain

Available in English

Catalog Icon

Natural interest rates in the U.S., Canada and Mexico

Document Number 18/07

By ,

The natural interest rate, or r-star, has been a critical determinant of monetary policy normalization in the U.S. and other countries. With the U.S. Federal Reserve expected to continue raising interest rates, central banks in other countries will have to balance the spillover effects with their own internal dynamics.

Geographies:USA Global Mexico

Available in English

Catalog Icon

The education level of the population of Spain and its regions. Update to 2016

By ,

Using data from the Economically Active Population Survey (EPA), this study expands the annual series on the education level of the population of Spain and its regions up to 2016 that were created by de la Fuente and Doménech (2016) for the period between 1960 and 2011.

Geographies:Spain

Available in Spanish

Catalog Icon

Measuring Retail Trade Using Card Transactional Data

Document Number 18/03

By , , , , , , , ,

In this paper we present a high-dimensionality Retail Trade Index (RTI) constructed to nowcast the retail trade sector economic performance in Spain, using Big Data sources and techniques. The data are the footprints of BBVA clients from their credit or debit card transactions at Spanish point of sale (PoS) terminals.

Available in English

Catalog Icon

Consumer confidence’s boom and bust in Latin America

Document Number 18/02

By ,

We characterize consumer confidence cycle across LatAm using Markov-switching models. Our findings show that a core group of countries shares a statistical common ground for both confidence’s boom and bust cycle synchronisation. Notably, Argentina and Chile tend to lead consumer mood shifts, playing a leading role in propagating consumer confidence shocks throughout LatAm.

Geographies:Global Latin America

Available in English

Catalog Icon

Digital Identity: the current state of affairs

Document Number 18/01

By ,

In a world where the rise in the use of the Internet is increasing exponentially, the ability to prove your identity is crucial for the economic, financial and social development. Individuals and companies need identity solutions valid across different services, markets, standards and technologies.

Available in English

Catalog Icon

How do the EM Central Bank talk? A Big Data approach to the Central Bank of Turkey

Document Number 17/24

By , ,

We apply the natural language processing or computational linguistics (NLP) to the analysis of the communication policy (i.e statements and minutes) of the Central Bank of Turkey (CBRT). While previous literature has focused on Developed countries, we extend the NLP analysis to the Central Banks of the Emerging Markets using the Dynamic Topic Modelling approach.

Available in English

FOLLOW US ON SOCIAL NETWORKS
OUR VIDEOS
Digital economy
Mexico publications
Spain publications
USA publications
Europe publications
Financial regulation
Market Comment
Infographies
Anuari 2018
Working Papers