Jorge Galán

Banco de España

Head of Macroprudential Policy Strategy

Alcala 48

Madrid 28014

Spain

SCHOLARLY PAPERS

20

DOWNLOADS
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SSRN RANKINGS

Top 46,545

in Total Papers Downloads

2,303

TOTAL CITATIONS
Rank 9,226

SSRN RANKINGS

Top 9,226

in Total Papers Citations

190

Scholarly Papers (20)

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
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Downloads 330 (197,054)
Citation 1

Abstract:

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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 263 (250,135)

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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 231 (284,618)
Citation 31

Abstract:

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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 51 (854,586)

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

5.

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 153 (413,905)
Citation 46

Abstract:

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

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 152 (416,133)
Citation 1

Abstract:

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housing market, lending standards, defaults, macroprudential policy

7.

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 137 (452,531)
Citation 4

Abstract:

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

8.

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 135 (457,964)

Abstract:

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

9.

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 124 (490,017)

Abstract:

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bank efficiency, Bayesian inference, heterogeneity, random parameters, risktaking, 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 122 (496,200)

Abstract:

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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 104 (559,456)
Citation 3

Abstract:

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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 84 (642,002)
Citation 46

Abstract:

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

13.

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 77 (675,092)
Citation 1

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

14.

Analysis of cyclical systemic risks in spain and of their mitigation through countercyclical bank capital requirements

Banco de Espana Occasional Paper No. 2414
Number of pages: 81 Posted: 19 Jul 2024
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, Banco de España, Banco de España, Banco de España, Charles III University of Madrid, Banco de España, European Central Bank (ECB) and Banco de España
Downloads 69 (717,461)
Citation 1

Abstract:

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cyclical systemic risk, bank capital requirements, countercyclical capital buffer, GDP, credit, indicator, stress tests, growth at risk, Bayesian analysis, general equilibrium

15.

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: 05 Nov 2024
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 68 (723,234)

Abstract:

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

16.

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 62 (758,977)
Citation 1

Abstract:

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

17.

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 53 (820,653)

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

18.

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 53 (820,653)
Citation 55

Abstract:

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banking, cost efficiency, crisis, scale economies, productivity

19.

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 35 (979,362)

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

20.

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:

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Banking, Cost efficiency, Crisis, Scale economies, Productivity