Jorge Galán

Banco de España

Head of Macroprudential Policy Strategy

Alcala 48

Madrid 28014

Spain

SCHOLARLY PAPERS

19

DOWNLOADS

1,666

SSRN CITATIONS
Rank 8,695

SSRN RANKINGS

Top 8,695

in Total Papers Citations

119

CROSSREF CITATIONS

76

Scholarly Papers (19)

1.

How Do Central Banks Identify Risks? A Survey of Indicators

Banco de Espana Occasional Paper No. 2125
Number of pages: 56 Posted: 06 Oct 2021
Banco de España, Banco de España, Banco de España, Banco de España, Banco de España, Banco de España, Banco de España, Banco de España, Banco de España, Banco de España, Banco de España, Bank of Spain, Banco de España, Banco de España, Banco de España, Banco de España, Banco de España, Banco de España, Banco de España - Research Department, Banco de España, Banco de España, Banco de España, Bank of Spain, Banco de España and Banco de España
Downloads 236 (240,663)
Citation 1

Abstract:

Loading...

risk identification, systemic risk, systemic risk indicators, standard risk indicators, financial stability

2.

CREWS: A CAMELS-based Early Warning System of Systemic Risk in the Banking Sector

Banco de Espana Occasional Paper No. 2132
Number of pages: 37 Posted: 09 Dec 2021
Jorge Galán
Banco de España
Downloads 194 (288,735)

Abstract:

Loading...

banks, defaults, early-warning performance, macroprudential policy, systemic risk

3.

Measuring Credit-To-GDP Gaps. The Hodrick-Prescott Filter Revisited

Banco de Espana Occasional Paper No. 1906 (2019)
Number of pages: 32 Posted: 09 May 2019
Jorge Galán
Banco de España
Downloads 180 (308,727)
Citation 23

Abstract:

Loading...

credit-to-GDP gap, cyclical systemic risk, early-warning performance, macroprudential policy, statistical filters

Recent Developments in Financing and Bank Lending to the Non-financial Private Sector

Banco de Espana Article 02/21
Number of pages: 25 Posted: 03 Feb 2021
Banco de España, Banco de España, Banco de España, Banco de España, Banco de España, Banco de España and Banco de España
Downloads 43 (779,222)

Abstract:

Loading...

financing, lending, households, non-financial corporations, deposit institutions, non-performing loans ratio, public guarantees, moratoria

5.

Banknote Printing at Modern Central Banking: Trends, Costs, and Efficiency

Money Affairs, Vol. 21, No. 2, pp. 217-262, 2008, Borradores de Economia Working Paper No. 476
Number of pages: 50 Posted: 02 Mar 2012
Jorge Galán and Miguel Sarmiento
Banco de España and Tilburg University, CentER, European Banking Center (EBC)
Downloads 123 (420,979)

Abstract:

Loading...

central banks, banknote printing, efficiency frontier, cost function, panel data, malmquist index

6.

Beyond the LTV Ratio: New Macroprudential Lessons from Spain

Banco de Espana Working Paper No. 1931 (2019)
Number of pages: 45 Posted: 09 Oct 2019
Jorge Galán and Matias Lamas
Banco de España and Banco de España
Downloads 121 (426,243)
Citation 1

Abstract:

Loading...

housing market, lending standards, defaults, macroprudential policy

7.

The Benefits Are at the Tail: Uncovering the Impact of Macroprudential Policy on Growth-At-Risk

Banco de Espana Working Paper No. 2007 (2020)
Number of pages: 41 Posted: 05 Mar 2020
Jorge Galán
Banco de España
Downloads 120 (428,886)
Citation 46

Abstract:

Loading...

financial stability, growth-at-risk, systemic risk, macroprudential policy, quantile regressions

8.

The Influence of Risk-Taking on Bank Efficiency: Evidence from Colombia

Banco de Espana Working Paper No. 1537
Number of pages: 37 Posted: 08 Dec 2015
Miguel Sarmiento and Jorge Galán
Tilburg University, CentER, European Banking Center (EBC) and Banco de España
Downloads 107 (466,857)

Abstract:

Loading...

bank efficiency, Bayesian inference, heterogeneity, random parameters, risktaking, stochastic frontier models

9.

Heterogeneous Effects of Risk-Taking on Bank Efficiency: A Stochastic Frontier Model with Random Coefficients

Number of pages: 30 Posted: 08 Aug 2014
Miguel Sarmiento and Jorge Galán
Tilburg University, CentER, European Banking Center (EBC) and Banco de España
Downloads 103 (479,793)
Citation 4

Abstract:

Loading...

Bank Efficiency, Bayesian Inference, Heterogeneity, Random Parameters, Risk-Taking, Stochastic Frontier Models

10.

Staff, Functions, and Staff Costs at Central Banks: An International Comparison with a Labor-Demand Model

Borradores de Economía, No. 419, Noviembre, 2006, Publicado en Money Affairs, Centro de Estudios Monetarios Latinoamericanos CEMLA, Vol. 20, No. 2, pp. 131-180, Jul-Dic, 2007
Number of pages: 43 Posted: 11 Mar 2010 Last Revised: 02 Mar 2012
Jorge Galán and Miguel Sarmiento
Banco de España and Tilburg University, CentER, European Banking Center (EBC)
Downloads 90 (523,973)

Abstract:

Loading...

Central Banking, Labor Demand, Modernization, Functions, Staff Costs, Panel Data, Random Effects

11.

Bayesian Estimation of Inefficiency Heterogeneity in Stochastic Frontier Models

Number of pages: 30 Posted: 27 Jul 2012
Jorge Galán, Helena Veiga and Mike Wiper
Banco de España, Charles III University of Madrid - Department of Statistics and Econometrics and Charles III University of Madrid - Department of Statistics and Econometrics
Downloads 87 (534,955)
Citation 3

Abstract:

Loading...

Stochastic Frontier Models, Inefficiency, Heterogeneity, Bayesian Inference

12.

Empirical Assessment of Alternative Structural Methods for Identifying Cyclical Systemic Risk in Europe

Banco de Espana Working Paper No. 1825
Number of pages: 33 Posted: 07 Aug 2018
Jorge Galán and Javier Mencia
Banco de España and Banco de España
Downloads 71 (602,032)
Citation 46

Abstract:

Loading...

Credit imbalances, cyclical systemic risk, early-warning models, macroprudential policy, model-based indicators.

13.

The Influence of Risk-Taking on Bank Efficiency: Evidence from Colombia

Emerging Markets Review, Vol. 32, 2017
Number of pages: 30 Posted: 07 Jul 2015 Last Revised: 07 Mar 2020
Miguel Sarmiento and Jorge Galán
Tilburg University, CentER, European Banking Center (EBC) and Banco de España
Downloads 54 (689,978)
Citation 1

Abstract:

Loading...

Bank efficiency, Bayesian inference, heterogeneity, random parameters, risk-taking, stochastic frontier models

14.

Drivers of Productivity in the Spanish Banking Sector: Recent Evidence

Banco de Espana Working Paper No. 1912 (2019)
Number of pages: 38 Posted: 14 May 2019 Last Revised: 17 Jul 2019
Christian E. Castro and Jorge Galán
Autonomous University of Barcelona and Banco de España
Downloads 44 (753,284)
Citation 55

Abstract:

Loading...

banking, cost efficiency, crisis, scale economies, productivity

15.

Roots and Recourse Mortgages: Handing Back the Keys

Banco de Espana Working Paper No. 2203
Number of pages: 50 Posted: 08 Feb 2022
Banco de España, Banco de España and Banco de España
Downloads 40 (781,827)

Abstract:

Loading...

immigrants, mortgage terms, recourse mortgages, roots, strategic default

16.

Systemic Analysis Framework for the Impact of Economic and Financial Risks (Marco De Análisis Sistémico Del Impacto De Los Riesgos Económicos Y Financieros)

Banco de Espana Occasional Paper No. 2311
Number of pages: 43 Posted: 22 May 2023 Last Revised: 07 Sep 2023
Banco de España, Banco de España, Bank of Spain, Banco de España, Banco de España, Banco de España, Banco de España, Banco de España and Banco de España
Downloads 33 (835,820)

Abstract:

Loading...

financial markets, financial stability, macroeconomic forecasting models, macro-financial models, macro-financial risk, stress testing

17.

The Impact of the Countercyclical Capital Buffer on Credit: Evidence From Its Accumulation and Release Before and During Covid-19

Banco de Espana Working Paper No. 2411
Number of pages: 44 Posted: 25 Apr 2024
Mikel Bedayo and Jorge Galán
Banco de España and Banco de España
Downloads 13 (1,026,342)

Abstract:

Loading...

bank credit, capital buffers, COVID-19, macroprudential policy, capital regulation

18.

Should Macroprudential Policy Target Corporate Lending? Evidence From Credit Standards and Defaults.

Banco de Espana Working Paper Forthcoming 2413
Number of pages: 44 Posted: 08 May 2024
Banco de España and Banco de España
Downloads 7 (1,082,910)

Abstract:

Loading...

bank credit, defaults, lending standards, macroprudential policy, non-financial corporations

19.

Drivers of Productivity in the Spanish Banking Sector: Recent Evidence

Journal of Financial Services Research, 55
Posted: 31 Mar 2020
Jorge Galán and Christian Castro
Banco de España and Banco de España

Abstract:

Loading...

Banking, Cost efficiency, Crisis, Scale economies, Productivity