Public debt

Public debt latest publications

April 20, 2020

Public Debt Against a Depression

One of the few certainties regarding the consequences of the COVID-19 pandemic, aside from the inestimable loss of life, is that in economic terms there will be severe falls in GDP and large increases in public debt.

April 15, 2020

Economic Policies and COVID-19

The economy is suffering from an unprecedented health crisis caused by COVID-19. Although some countries were able to, most could not control the initial outbreak of the infection and were forced to confine people to their homes and partially or completely lockdown non-essential economic activities.

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).

September 23, 2019

Will sovereign risk premiums continue to fall?

In recent months we have witnessed a notable compression in sovereign CDS at the global level, in an economic scenario that is full of uncertainty and in which public debt is at an all-time high.

September 23, 2019

Prospects and challenges of the new course for Spain's economy

BBVA Research forecasts indicate that the Spanish economy will grow by less than 2% in 2020. However, this growth could be reduced even further if some of the risks to the international economic scenario materialize.

June 4, 2019

Fiscal policy in Mexico: a challenge to be addressed

Mexico is facing important fiscal challenges. On the one hand, its tax collection is very low: tax revenue as a share of the GDP (only 14%) is not only the lowest in the OECD, but it is also low when compared to other Latin American economies.

May 23, 2019

Mexico | Fiscal space is limited

How much fiscal space does the country have? Is it possible to borrow more to support Pemex or to cope with a possible recession with a countercyclical fiscal expansion? In order to answer these questions, it is necessary to analyze Mexico's public debt profile.

April 8, 2019

Risk of economic anemia

The risk that the main developed economies are moving towards a regime of reduced economic growth in the medium term has once again gained relevance in recent months. It has been driven by the increase in the probability of recession in the United States and the eurozone, and the relapse of inflation expectations and long-t…