Paper finds flimsy productivity base for banks in Spain

Madrid city council

A working paper published by the Bank of Spain on December 12 suggests the high rate of banking sector productivity growth in the run up to the global financial crisis was built on unstable foundations.

The paper's authors, Alfredo Martín-Oliver, Sonia Ruano and Vicente Salas-Fumás, use estimates of total-factor productivity among Spanish banks from 1992–2007, finding that the rate of growth more than doubled after the adoption of the euro. During the same period, banks increased their mortgage

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: