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War of Attrition and Power of Inaction: The Spanish Financial Crisis and its Lessons for the European Banking Union

The aim of this paper is to analyse the main causes of the Spanish financial crisis (2009-12). Risk mismanagement in the saving banks was the main culprit but the intensity of the crisis was due to the “war of attrition” between the main stakeholders, which was further reinforced by the “power of i...

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Autori principali: Miguel Otero-Iglesias, Sebastián Royo, Federico Steinberg Wechsler
Natura: Artigo
Lingua:Inglês
Pubblicazione: Universidad de Huelva 2017-05-01
Serie:Revista de Economía Mundial
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Accesso online:https://www.uhu.es/publicaciones/ojs/index.php/REM/article/view/3948
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