Bank Crisis Resolution and the Insufficiency of Fiscal Backstops: The Case of Spain

S. Carbó-Valverde and M.J. Nieto
Authors registered in the RePEc Author Service: Santiago Carbo Valverde

Chapter 17 in The First Great Financial Crisis of the 21st Century:A Retrospective, 2015, pp 461-487 from World Scientific Publishing Co. Pte. Ltd.

Abstract: This chapter analyzes the Spanish financial crisis and the national and European policymakers' response that resulted in the successful completion of a major program of financial-sector reform outlined in the Memorandum of Understanding (MoU) on Financial Sector Policy Conditionality of July 20, 2012. We conclude that some of the conditions established in the MoU were particularly efficient in dealing effectively with the banking crisis in Spain.

Keywords: Financial Economics; Banks; Depository Institutions; Micro Finance Institutions; Mortgages; Macroeconomics; Monetary Economics; Dodd-Frank; Financial Crisis; Financial Regulations; Regulatory Framework; Bankers; Systemic Risk; Recession (search for similar items in EconPapers)
Date: 2015
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