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August 30, 2019

Disentangling Vulnerability through Consumer Behavior: The Role of Financial Health

This paper analyzes the effect of financial participation on consumer's financial vulnerability, which is pervasive in the developing world. The financial behavior of consumers (i.e. financial health) has a greater positive effect on financial vulnerability than the narrower concept of financial inclusion.

August 27, 2019

The 2017 payment under the common system for the financing of autonomous communities

This note analyzes the payment under the common system for the financing of autonomous communities for 2017 which was recently made public by the Ministry of Finance.

July 23, 2019

Mexico | The gasoline shortage crisis: A Big Data analysis

An analysis of the POS operations in gas stations in the Valle de Mexico metro-area are analyzed by day and hour. The crisis began at noon on Tuesday January 8, lasted 13 days, ended on January 20, 16% more gasoline was loaded per operation, and the purchase was increased up to 400% at late night and in the early morning.

July 18, 2019

Regional economic and demographic aggregates: RegData updated up to 2018

This note briefly describes the latest update of RegData, a database that collects the main economic and demographic aggregates of the Spanish regions over the last six decades. For the most part, the series begin in 1950 or 1955 and run until 2018.

May 23, 2019

The territorial dynamics of income in Spain 1955–2016: an initial approximation

This work marks the start of a series of projects that will analyse the evolution of GDP per capital in Spain's autonomous communities and its determining factors, using the related series of regional income and employment found in the RegData database described by De la Fuente (2017).

April 24, 2019

Autonomous community finances in 2018 and between 2003 and 2018

The analysis starts from the 2003 financial year because this is the first year in which all autonomous communities were responsible for managing healthcare for the full financial year.

March 15, 2019

Macroeconomic Effects of Taxes on Banking

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 …

March 7, 2019

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

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.