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

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The Spanish financial System

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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.

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Author information

Authors and Affiliations

  1. IESE Business School, Spain

    Xavier Vives

Authors
  1. Xavier Vives
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Editor information

José Luis Malo de Molina Pablo Martín-Aceña

Copyright information

© 2012 Banco de España

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Cite this chapter

Vives, X. (2012). The Spanish financial industry at the start of 21st century: Current situation and future challenges. In: Malo de Molina, J.L., Martín-Aceña, P. (eds) The Spanish financial System. Palgrave Macmillan, London. https://doi.org/10.1057/9780230361140_12

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