War of attrition and power of inaction: The Spanish financial crisis its lessons for the European Banking Union

The aim of this paper is to analyse the main causes of the Spanish financial crisis (2009/12). Risk mismanagement in the "war of attrition" between the main stakeholders (the central and regional governements, the Bank of Spain and the cajas), which was furtherreinforced by the &am...

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Bibliographic Details
Authors: Otero Iglesias, Miguel, Royo, Sebastián, Steinberg Wechsler, Federico
Format: article
Publication Date:2017
Country:España
Institution:Universidad de Huelva (UHU)
Repository:Arias Montano. Repositorio Institucional de la Universidad de Huelva
Language:English
OAI Identifier:oai:ariasmontano.uhu.es:10272/14078
Online Access:http://hdl.handle.net/10272/14078
Access Level:Open access
Keyword:Spain
Banking Crisis
Supervision
Eurozone
European Banking Union
España
Crisis bancaria
Supervisión
Zona euro
Unión Bancaria Europea
Description
Summary:The aim of this paper is to analyse the main causes of the Spanish financial crisis (2009/12). Risk mismanagement in the "war of attrition" between the main stakeholders (the central and regional governements, the Bank of Spain and the cajas), which was furtherreinforced by the "power of inaction" of the big SpanishBanks: Santander and BBVA