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

Royo, Sebastián

Hardcover

ISBN 10: 1349959901 ISBN 13: 9781349959907

Publisher: Palgrave Macmillan, 2020

Synopsis

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.

About this title

About the Author

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.

From the Back Cover

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.

Edition details

• Publisher: Palgrave Macmillan
• Publication date: 2020
• Language: English
• ISBN 10: 1349959901
• ISBN 13: 9781349959907
• Binding: Hardcover
• Edition number: 1
• Number of pages: 369