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The Spanish financial industry at the start of 21st century: Current situation and future challenges

In: The Spanish financial System

Author

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  • Xavier Vives

    (IESE Business School)

Abstract

The early years of the 21st century have been a turbulent time in the financial world. The turmoil unleashed by the bursting of the United States housing bubble and the sub-prime mortgage crisis was undoubtedly the severest financial crisis since the 1930’s. The scale of the crisis has highlighted weaknesses in the financial system and its regulation and represents a watershed affecting both banking business models and the regulation of the system. This chapter focuses on the banking sector, which forms the central plank of the Spanish financial system.

Suggested Citation

  • Xavier Vives, 2012. "The Spanish financial industry at the start of 21st century: Current situation and future challenges," Palgrave Macmillan Books, in: José Luis Malo de Molina & Pablo Martín-Aceña (ed.), The Spanish financial System, chapter 11, pages 383-423, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-36114-0_12
    DOI: 10.1057/9780230361140_12
    as

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    Cited by:

    1. Pérez Montes, Carlos, 2014. "The effect on competition of banking sector consolidation following the financial crisis of 2008," Journal of Banking & Finance, Elsevier, vol. 43(C), pages 124-136.

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