Industries Financial Services
September 15, 2016

The Excess Capital Hypothesis and the Experience of Spanish Banks from 1999 to 2016

This issue of A&M Readings in Quantitative Risk Management examines the Excess Capital Hypothesis (ECH), an explanation of the cyclical pattern of loan losses experienced by U.S. commercial banks and the related credit expansion and contraction.

The paper tests five predictions of the ECH against the dynamics of Spanish loan markets in the 2000s. 

Readings in Quantitative Risk Management
The Excess Capital Hypothesis and the Experience of Spanish Banks from 1999 to 2016
Read the full report

 

 

 

Related articles:
The Collapse of Crude Oil Prices: How Low and For How Long? Part One: Impacts of Falling Prices
While most American consumers welcome the declines in gasoline prices that have accompanied falling crude oil prices, the impacts are not uniformly beneficial. Part one of this two-part series focuses on the impacts of falling prices on individual companies and on the real estate markets of energy-dependent areas.
The Collapse of Crude Oil Prices: How Low and For How Long? Part Two: Impacts on Lenders
While most American consumers welcome the declines in gasoline prices that have accompanied falling crude oil prices, the impacts are not uniformly beneficial. Part two of this two-part series emphasizes the increased likelihood of default by these companies and individuals as well as the consequences for their lenders.
Thought Leadership
From Prestige to Powerhouse: A Wealth Revolution in Motion
April 25, 2025
We examine the forces reshaping wealth management in the UAE, driven by demographic shifts, technological advancements, and regulatory innovation.
Thought Leadership
A&M Report: The Quantum Dilemma - Unraveling Commission Risks In Motor & Asset Finance Featured In UK Finance
April 7, 2025
We are pleased to share that Alvarez & Marsal’s report on commission risks in motor and asset finance risks was recently featured in UK Finance.
Thought Leadership
Report: The Quantum Dilemma - Unravelling Commission Risks in Motor & Asset Finance
March 31, 2025
The motor finance sector faces significant challenges in 2025 due to ongoing debates over undisclosed commissions and potential redress schemes. The UK Supreme Court is set to rule on whether motor dealers owe a fiduciary duty to customers, which could lead to substantial compensation claims.
Thought Leadership
A&M FSI Tax Insights | Volume I – Interplay of Transfer Pricing rules on the Banking Sector
March 26, 2025
Alvarez & Marsal Middle East Limited (A&M) is delighted to publish the first edition of its FSI Tax Insights series. In this new series, our tax experts will share key insights and thought leadership on tax matters impacting businesses active in the financial services industry.
CONTACT US TODAY
SUBSCRIBE TO OUR BULLETIN
Download PDF version
FOLLOW & CONNECT WITH A&M