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...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidad de Huelva
2017-05-01
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| Series: | Revista de Economía Mundial |
| Subjects: | |
| Online Access: | https://www.uhu.es/publicaciones/ojs/index.php/REM/article/view/3948 |