International Economics

What are the prospects for the new Chinese-led Silk Road and Asian Infrastructure Investment Bank?

Mario Esteban and Miguel Otero-Iglesias. ARI 23/2015 - 17/4/2015.

The new Silk Road is the most ambitious international initiative yet to be launched by the Chinese President, Xi Jinping. This policy has many strands, one of the most prominent being the creation of the Asian Infrastructure Investment Bank. We examine its possible implications for Europe, including Spain.

Document of interest: World Economic Outlook (WEO) (Update April 2015)

. MI/DI - 15/4/2015.

Última revisión del informe semestral del Fondo Monetario Internacional (FMI) sobre las Perspectivas Economicas Mundiales. Según éste se prevé que el crecimiento sea más fuerte en las economías avanzadas en 2015 que en 2014, mientras que en las economías de mercados emergentes y en desarrollo se espera que sea más débil, lo que también indica unas previsiones más moderadas para algunas de las grandes economías emergentes y exportadoras de petróleo. España crecerá un 2,5% este año.

According to the latest edition of the World Economic Outlook (WEO) –released on April 2015- ‘growth is projected to be stronger in 2015 relative to 2014 in advanced economies, but weaker in emerging markets, reflecting more subdued prospects for some large emerging market economies and oil exporters’.

Spanish companies in new wave of acquisitions

William Chislett. Expert Comment 23/2015 - 26/3/2015.

After a lean period Spanish companies have returned to acquiring firms abroad, in another sign of the economy’s quickening recovery and increased business confidence.

Spanish banks’ internationalisation: Sabadell offers to buy UK’s TSB

William Chislett. Expert Comment - 18/3/2015.

In the latest drive to conquer banks abroad, Banco de Sabadell has boldly offered €1.7 billion for TSB, the UK retail bank carved out of the ailing Lloyds Banking Group two years ago.

Ciudadanos gains ground in Spain’s new political landscape

William Chislett. Expert Comment 17/2015 - 9/3/2015.

The far-left anti-establishment Podemos (‘We can’) is not the only party that is challenging Spain’s discredited two-party system. The centrist Ciudadanos (Citizens’ Party) is rapidly gaining support outside of its Catalan base.

Spain’s merchandise exports continue to flourish, but lose steam

William Chislett. Expert Comment 13/2015 - 27/2/2015.

Spain’s merchandise exports rose for the fifth consecutive year in 2014 and set a new record, but their growth was the slowest since 2008.

Why is Spain recovering faster than expected?

William Chislett. Expert Comment 10/2015 - 20/2/2015.

The Spanish economy is gaining momentum at a faster pace than expected.

Beyond orthodoxy: understanding money to understand the Eurozone crisis

Miguel Otero-Iglesias. ARI 9/2015 - 12/2/2015.

The Eurozone Crisis has shown that money is not a neutral veil, but rather a social relation between creditors and debtors.

Beware of taking the ECB out of the Troika

Miguel Otero-Iglesias. Expert Comment 4/2015 - 19/1/2015.

The Eurozone does not have a democratically legitimised European treasury and the European Central Bank has been forced to fill the gap. The solution cannot be to take the ECB out of the picture without creating a legitimate institution to fulfil that necessary role.

Spain and Greece: the same, yet different

William Chislett. Expert Comment 3/2015 - 19/1/2015.

Spanish Prime Minister Mariano Rajoy’s visit to Greece has cast a spotlight on the similarities between the two countries. They certainly exist, but so do differences –and to a greater extent–.