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Why Banks Fail

The Political Roots of Banking Crises in Spain

Authors: Royo, Sebastián

  • Examines the political roots of banking crises in Spain
  • Analyses the process of political bargains in which parties with different interests come together to form coalitions that determine banks’ outcomes
  • Links banking crises to the country’s larger institutional malaise
  • Argues that Spanish banks’ political connections are ultimately responsible for the sector’s skewed lending practices
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Hardcover $89.99
price for USA
  • ISBN 978-1-349-95990-7
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  • Immediate ebook access, if available*, with your print order
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About this book

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 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.

Buy this book

Hardcover $89.99
price for USA
  • ISBN 978-1-349-95990-7
  • Free shipping for individuals worldwide
  • Immediate ebook access, if available*, with your print order
  • Usually dispatched within 3 to 5 business days.

Services for this book

Bibliographic Information

Bibliographic Information
Book Title
Why Banks Fail
Book Subtitle
The Political Roots of Banking Crises in Spain
Authors
Copyright
2020
Publisher
Palgrave Macmillan US
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
Hardcover ISBN
978-1-349-95990-7
Edition Number
1
Number of Pages
XXV, 344
Number of Illustrations
1 b/w illustrations, 16 illustrations in colour
Topics

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