Rafael López del Paso

University of Malaga | UMA · Department of Economía Aplicada (Hacienda Pública)

Previous studies show that the impact of an exogenous monetary policy shock on bank lending is different across bank sizes and across various levels of capitalization and liquidity. However, there is little evidence on the impact of other exogenous influences such as the shift from cash to non-cash payment instruments on bank lending. In this paper...

During the 1990s, liquidity was relatively abundant in the European Union and the European central banks mostly developed a relaxed monetary policy. While the bank lending channel view of the monetary policy would have suggested an increase in loans to firms in this context, the demand for bank corporate lending, however, slowed down, suggesting th...

We study whether math ability affects decision making under risk. Participants where divided in three math skill groups according to their performance in a GRE-like math test. We find no difference in behavior between groups across several risk measuring tasks.

This paper contributes to the literature on the relationship between finance and growth by analysing the relationships between financial intermediation and economic growth within the regions of one country, rather than with different countries. The focus on regions is relevant since regional information is more homogeneous, the legal and institutio...

As banking consolidation proceeds and Europe moves toward a single market, cross-country differences in banking efficiency can affect the future competitive position of a country’s financial market, helping to determine which European money centers may expand or contract. Looking at large banks across 10 countries, we find they are roughly equally...

Parametric and nonparametric procedures are used to identify the apparent source of cost inefficiency in banking. Inefficiencies of 20–25% from earlier studies are reduced to 1–5% when, in addition to commonly specified cost function influences, variables reflecting banks’ external business environment and industry indicators of “productivity” are...

The theory of the bank lending channel indicates that financial institutions with larger size, higher capitalisation and higher liquidity present a greater capacity to maintain their levels of credit supply in a situation of monetary contraction. However, there is a paucity of (European) studies that analyse the bank lending channel from the non-fi...

De conformidad con la base quinta de la convocatoria del Programa de Estímulo a la Investigación, este trabajo ha sido sometido a eva-luación externa anónima de especialistas cualificados a fin de con-trastar su nivel técnico.

There is a well-documented cross-country literature on the relationship between finance and growth. This paper contributes to this literature by analysing the relationships between financial intermediation and economic growth within the regions of one country, rather than different countries. The focus on regions is relevant since regional informat...

Various methodologies are compared in this study in an attempt to measure bank competition in Spain by type of institution (commercial or savings banks) and by region for the period 1986-1999. The main results reveal a limited predictability power of Structure-Conduct-Performance (SCP) paradigm to measure bank competition. As a second approach, the...

There is a well-documented cross-country literature on the relationship between finance and growth. This paper contributes to this literature by analysing the relationships between financial intermediation and economic growth within the regions of one country, rather than different countries. The focus on regions is relevant since regional informat...

Resumen: El objeto de este trabajo es ofrecer una visión panorámica del proceso de reestructuración del siste-ma bancario español a raíz de la crisis económica y financiera comenzada en 2007. Inicialmente se expone la evolución del sistema a lo largo del período 1990-2007. Posteriormente se hace referencia al cambio de mo-delo bancario a resultas d...

El sistema de pagos español se ha visto sometido a un intenso proceso de transformaciones, el efectivo continúa manteniéndose como el principal medio de pago. Dentro de los instrumentos distintos a éste, destaca el desarrollo experimentado por la tarjeta de pago, debido a la profusa expansión de la red de cajeros automáticos y terminales punto en v...