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June 1, 2020

Global | From FinTech to BigTech: an evolving regulatory response

The digital transformation of financial services has opened up the market to new providers: FinTech start-ups and BigTechs. In this article, we explain how policymakers’ mindset should evolve towards a comprehensive response to ensure the financial sector remains safe, stable and open to competition.

May 14, 2020

Argentina | Network Topology of the Argentine Interbank Money Market

This paper provides an empirical network analysis of the Argentine interbank money market (known as call market). Based on 314,188 unsecured overnight loans settled between 2003 and 2017, its main topological features are examined, applying graph theory methods.

May 12, 2020

Regional finances in 2019 and between 2003 and 2019

This report analyzes the evolution of regional income and expenditure, the budget balance of the sector and its debt stock from 2003 to the present, with attention to per capita expenditure at constant prices. The accounts for recent years are also analysed, highlighting the effect of some non-standard factors.

April 16, 2020

Tracking the COVID-19 Crisis with High-Resolution Transaction Data

We exploit high-frequency/high-resolution transaction data from BBVA to analyse the dynamics of expenditure in Spain during the ongoing COVID-19 pandemic. We find little shift in expenditure prior to the national lockdown, but then immediate, very large, and sustained expenditure reductions thereafter.

March 18, 2020

China | Forecasting modeling for China's inflation

We are trying to assess a large group of forecasting models’ performance in predicting China’s inflation. Both linear and structural forecasting models are discussed, estimated and evaluated based on some typical criteria such as RMSE, MAE and Theil-U.

March 4, 2020

Lessons from China’s past banking bailouts

China’s banking sector, particularly small and medium-sized banks, today face a headwind of asset quality deterioration. Revisiting Chinese bank rescues from the early 2000s, we examine how the authorities tackled a severe rise in non-performing loans (NPLs).

February 26, 2020

Long series of GVA and regional employment by sector, 1955-2018

This paper describes the construction of the sectoral module of the RegData FEDEA-BBVA database. The RegData regional series of employment, employed and salaried persons, GVA, average salaries and salaried wages are broken down into six large sectors, and services are tentatively broken down into three others

February 10, 2020

The risk of sargassum to the economy and tourism of Quintana Roo and Mexico

An analysis of economic variables and through Big Data is made to quantify the effects of sargassum in the tourist activity of Quintana Roo in 2019. The results do not find solid evidence in this regard, either because it was not a relevant factor or by the success of mitigation actions.