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© 2020

Why Banks Fail

The Political Roots of Banking Crises in Spain

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About this book

Introduction

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.

Sebastián Royo is Visiting Scholar at Harvard University’s Minda de Gunzburg Center for European Studies, and Professor at the Department of Political Science & Legal Studies at Suffolk University, USA.

Keywords

Banking Crises Politics Euro Crisis Spanish Banks housing bubble

Authors and affiliations

  1. 1.Suffolk UniversityBostonUSA

About the authors

Sebastián Royo is Visiting Scholar at Harvard University’s Minda de Gunzburg Center for European Studies, and Professor at the Department of Political Science & Legal Studies at Suffolk University, USA.

Bibliographic information

  • Book Title Why Banks Fail
  • Book Subtitle The Political Roots of Banking Crises in Spain
  • Authors Sebastián Royo
  • DOI https://doi.org/10.1057/978-1-137-53228-2
  • Copyright Information The Editor(s) (if applicable) and The Author(s) 2020
  • Publisher Name Palgrave Macmillan, New York
  • eBook Packages History History (R0)
  • Hardcover ISBN 978-1-349-95990-7
  • Softcover ISBN 978-1-349-95991-4
  • eBook ISBN 978-1-137-53228-2
  • Edition Number 1
  • Number of Pages XXV, 344
  • Number of Illustrations 1 b/w illustrations, 16 illustrations in colour
  • Topics Science, Humanities and Social Sciences, multidisciplinary
  • Buy this book on publisher's site