El sector financiero español frente a la pandemia¿un antes y un después?

  1. Santiago CARBÓ VALVERDE 1
  2. Francisco RODRÍGUEZ FERNÁNDEZ 2
  1. 1 Universitat de València
    info

    Universitat de València

    Valencia, España

    ROR https://ror.org/043nxc105

  2. 2 Universidad de Granada
    info

    Universidad de Granada

    Granada, España

    ROR https://ror.org/04njjy449

Aldizkaria:
Papeles de economía española

ISSN: 0210-9107

Argitalpen urtea: 2022

Zenbakia: 173

Orrialdeak: 114-126

Mota: Artikulua

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Beste argitalpen batzuk: Papeles de economía española

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This article analyzes the behavior of the Spanish financial sector before, during and after the COVID-19 pandemic. The markets were the first to receive a significant impact from this external shock, but they showed a remarkable capacity for recovery –even in a context of high volatility– only interrupted by the crisis generated by the invasion of Ukraine and the intense inqationary process of 2022. The banking sector not only showed resilience but also a considerable financing capacity which, together with the ICO guarantee program, made it possible to maintain essential credit qows for the Spanish business fabric. The empirical analysis of this article suggests that the bank credit channel was not only maintained during the pandemic, but it was amplified at a time of special financing needs. Likewise, it is revealed that the characteristics of the banks that most favored credit during the pandemic were the size of the entity, the level of deposits, solvency (capital over assets), the liquidity ratio and technological investment.

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Datuen iturria: Dialnet