New Forms of Competition Facing the Spanish Banking System

Javier Quesada

Chapter Chapter 3 in The Changing Face of European Banks and Securities Market, 1994, pp 47-56 from Palgrave Macmillan

Abstract: Abstract After the disruption caused by the 'deposit battle' fought in Spain by most banks, and to a lesser extent by savings banks, competing fiercely through vast increases in interest rates, the Spanish banking sector has seen in the last year and a half the emergence of new financial products that have caused a sharp shift in household portfolios. Pension plans, investment funds and the forthcoming Popular Savings Plans are three instruments aimed by the authorities to induce a higher saving rate. As is often the case, a special fiscal treatment gives rise to the explosion of an asset demand, which lasts until regulators change their objectives. In the meantime, the banking sector designs strategies to become a player in the new market situation so that it gets 'linked' to the disintermedia- tion process.

Keywords: Pension Fund; Capital Gain; Investment Fund; Pension Plan; Financial Intermediary (search for similar items in EconPapers)
Date: 1994
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-23141-6_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349231416

DOI: 10.1007/978-1-349-23141-6_3

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().