Spain
Spain sets up €50 billion rescue fund
Madrid on Tuesday said it would establish a rescue fund to buy high-quality assets from its banking industry, hampered by a downturn in the country's housing market and the global turmoil.
Global factors have greater impact on EM inflows
The significance of global factors on the volatility of capital flows to emerging countries have increased in recent years relative to country-specific factors, a new paper from the Bank of Spain finds.
Local lenders apply tougher credit standards
Collateral requirements are more stringent for business loans granted by local lenders than those granted to firms further away, a paper published by the Bank of Spain finds.
Simpsons cartoon hero coined on euro
A Spanish shopkeeper has found a defaced euro coin bearing the head of Homer Simpson, the star of the Simpsons cartoon series.
Asset shortages lead to bubbles
High asset-price volatility may be a natural consequence of asset shortages, finds a new paper from the Bank of Spain.
Bank of Spain - Annual Report 2007
The greater flexibility achieved in the Spanish labour market in recent years has largely been the result of the galvanising effect exerted by immigrant workers, the Bank of Spain states in its latest Annual Report.
Runaway Eurozone inflation hits fresh high
Annual inflation in the euro area surged in May to a record high of 3.7%, up from 3.3% the previous month.
Tough rules have aided Spanish banks: Ordoez
The Bank of Spain's approach to supervision helped ensure that the recent global financial turmoil had limited impact on the country's banking sector, Miguel Fernandez Ordoez, the governor of the central bank, said.
Spain's Ordoez on emerging markets
One of the most surprising features of the recent turmoil is the resilience of most emerging market economies, said Miguel Fernandez Ordoez, the governor of the Bank of Spain.
Money matters in the US and euro area
A new paper from the Bank of Spain provides structural estimates for money and the natural rate of interest for the United States and the euro area.
Cyprus and Malta join gold agreement
Cyprus and Malta, the two newest members of the eurozone, have signed up to the Central Bank Gold Agreement, which limits the amount of gold cooperating institutions can sell.
Decision supports ECB on counterfeit check
The European Central Bank (ECB) won backing from a French court on Wednesday for the right to use a method to detect fake notes.
Spain's Ordoez upbeat on eurozone growth
Sound fundamentals and robust global growth should support relatively favourable medium-term economic conditions in the eurozone, says Miguel Fernandez Ordoez, the governor of the Bank of Spain.
EMU leads to bond-market convergence
Economic and monetary union in Europe has led to substantial convergence in euro-area sovereign bond markets, according to research published by the San Francisco Federal Reserve.
Spain's Solbes supports Trichet on Sarkozy debate
Pedro Solbes, the Spanish finance minister, indicated that he would side with Jean-Claude Trichet, the president of the European Central Bank (ECB), over his recent exchange with Nicolas Sarkozy, the French president.
Germany is the ECB's biggest fan
Out of the five major Eurozone economies, it is Germany, the largest, that is most confident that the European Central Bank (ECB) fulfils its primary roles of managing inflation and encouraging growth.
Central bank gold sales to approach limit
Members of the central bank gold agreement (essentially the eurozone plus Sweden and Switzerland) have sold 396 tonnes in the first 10 months of the "gold year", as much as the total for the whole of last year.
New French candidate for IMF emerges
A former finance minister of France, Dominique Strauss-Kahn, has emerged as one of the early favourites to become the next head of the International Monetary Fund (IMF). The current managing director, Rodrigo de Rato, announced last month that he would…
Spain's Ordonez: annual address
Speaking at the Bank of Spain's annual meeting, Miguel Fernandez Ordonez, the governor, took stock of the Spanish economy in 2006 its 13th continuous year of expansion.
Bank of Spain annual report
The overview from the Bank of Spain's annual report for 2006 is now available.
Spain's Ordoez: immigration keeps inflation low
Miguel Ordoez, the governor of the Bank of Spain, said that immigration into Spain has helped keep inflation rates relatively low, in a speech at a symposium on the Phillips curve and the natural rate hypothesis in Kiel, Germany on 3 June.
Poole on changing world demographics
In the speech 'Changing world demographics and trade imbalances' given on 16 April William Poole of the Federal Reserve Bank of St. Louis said global imbalances including the US current account deficit are not just a monetary phenomenon.
Spain's Ordoez on the biggest risk - complacency
In the speech 'The biggest risk - complacency' given on 31 January (published 4 April) Miguel Fernandez Ordoez of the Bank of Spain said on viewing recent developments in the Spanish economy we can draw a positive assessment that should not disregard the…
Bank of Spain - Annual Report 2005
According to the Bank of Spain's Annual Report 2005, the Spanish economy grew by 3.4%, 0.3% more than in the previous year.