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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Why Banks Fail: The Political Roots of Banking Crises in Spain

Why Banks Fail: The Political Roots of Banking Crises in Spain

Royo, Sebastián

Hardcover

Gifts & Stationery GeneralGeneral Science

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ISBN10: 1349959901
ISBN13: 9781349959907
Publisher: Palgrave MacMillan
Published: Jun 28 2020
Pages: 344
Weight: 1.30
Height: 0.90 Width: 7.50 Depth: 8.70
Language: English
This book examines the political roots of banking crises in Spain. It focuses on the process of political bargains in which parties with different interests come together to form coalitions, and it shows how these coalitions have determined banking outcomes and caused banking crises in Spain. In particular, it analyzes the 2008 Spanish banking crisis and shows how Spanish banks and related savings institutions contributed significantly to the challenges that led to the crisis, including the fueling of a large property bubble - by channeling tremendous credits to the construction and real estate sectors, while starving the country's productive sectors. Accordingly, the book links banking crises to the country's larger institutional malaise, placing the solution not only in the hands of the banks, but also the political institutions that influence them.

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