Oscar Arce

Banco de España

Economist

Alcala 50

Madrid 28014

Spain

SCHOLARLY PAPERS

19

DOWNLOADS
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Top 27,355

in Total Papers Downloads

1,765

SSRN CITATIONS
Rank 2,222

SSRN RANKINGS

Top 2,222

in Total Papers Citations

80

CROSSREF CITATIONS

413

Scholarly Papers (19)

1.
Downloads 340 ( 91,300)
Citation 46

Housing Bubbles

Banco de Espana Working Paper No. 0815
Number of pages: 53 Posted: 04 Aug 2008
Oscar Arce and David Lopez-Salido
Banco de España and Board of Governors of the Federal Reserve System
Downloads 336 (91,889)
Citation 35

Abstract:

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collateral constraints, buy-to-let investment, housing bubbles, switching bubbles, welfare

Housing Bubbles

CEPR Discussion Paper No. DP6932
Number of pages: 50 Posted: 02 Dec 2008
Oscar Arce and David Lopez-Salido
Banco de España and Board of Governors of the Federal Reserve System
Downloads 4 (674,063)
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buy-to-let investment, collateral constraints, housing bubbles, switching

2.

Making Room for the Needy: The Credit-Reallocation Effects of the ECB’s Corporate QE

Number of pages: 43 Posted: 06 Jul 2017 Last Revised: 24 Nov 2017
Banco de España, Banco de España and Banco de España
Downloads 232 (136,843)
Citation 21

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3.

Banking Competition, Housing Prices and Macroeconomic Stability

Banco de Espana Working Paper No. 0830
Number of pages: 40 Posted: 12 Jan 2009
Javier Andrés and Oscar Arce
University of Valencia - Department of Economics and Banco de España
Downloads 194 (162,113)
Citation 26

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banking competition, collateral constraints, housing prices

4.

Short-Sale Constraints and Financial Stability: Evidence from the Spanish Market

Number of pages: 40 Posted: 24 Jun 2012 Last Revised: 21 May 2014
Oscar Arce and Sergio Mayordomo
Banco de España and Banco de España
Downloads 174 (178,736)
Citation 1

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short-sales constraint, financial stability, market quality

Adapting Lending Policies When Negative Interest Rates Hit Banks’ Profits

Number of pages: 49 Posted: 30 Apr 2018 Last Revised: 07 Aug 2018
Banco de España, Banco de España, Banco de España and University of Zurich - Department of Banking and Finance
Downloads 96 (284,386)

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negative interest rates, risk taking, lending policies

Adapting Lending Policies When Negative Interest Rates Hit Banks’ Profits

Banco de Espana Working Paper No. 1832
Number of pages: 49 Posted: 08 Oct 2018
Banco de España, Banco de España, Banco de España and University of Zurich - Department of Banking and Finance
Downloads 51 (409,176)
Citation 23

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negative interest rates, risk taking, lending policies

Adapting Lending Policies When Negative Interest Rates Hit Banks’ Profits

Paris December 2018 Finance Meeting EUROFIDAI - AFFI
Number of pages: 43 Posted: 30 Apr 2018
Banco de España, Banco de España, Banco de España and University of Zurich - Department of Banking and Finance
Downloads 9 (636,615)
Citation 14

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negative interest rates; risk taking; lending policies

House Prices, Rents, and Interest Rates Under Collateral Constraints

Banco de Espana Research Paper No. WP-0610
Number of pages: 45 Posted: 08 May 2006
Oscar Arce and David Lopez-Salido
Banco de España and Board of Governors of the Federal Reserve System
Downloads 120 (242,724)
Citation 23

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price-to-rent ratio, collateral constraints, buy-to-let investment, multiple equilibria

House Prices, Rents and Interest Rates Under Collateral Constraints

CEPR Discussion Paper No. 5689
Number of pages: 42 Posted: 02 Aug 2006
Oscar Arce and David Lopez-Salido
Banco de España and Board of Governors of the Federal Reserve System
Downloads 22 (546,193)
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Price-to-rent ratio, collateral constraints, buy-to-let investment, multiple equilibria

7.

Banking Competition, Collateral Constraints and Optimal Monetary Policy

Banco de Espana Working Paper No. 1001
Number of pages: 45 Posted: 18 Feb 2010
Javier Andrés, Oscar Arce and Carlos Thomas
University of Valencia - Department of Economics, Banco de España and Banco de España
Downloads 120 (241,689)
Citation 68

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banking competition, lending spreads, collateral constraints, monetary policy, linear-quadratic method

8.

Structural Reforms in a Debt Overhang

Banco de Espana Working Paper No. 1421
Number of pages: 47 Posted: 30 Jul 2014
Javier Andrés, Oscar Arce and Carlos Thomas
University of Valencia - Department of Economics, Banco de España and Banco de España
Downloads 72 (335,973)
Citation 8

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deleveraging, collateral constraints, long-run debt, structural reforms

9.

Price Determinacy under Non-Ricardian Fiscal Strategies

Banco de España Working Paper No. 0741
Number of pages: 36 Posted: 17 Jan 2008
Oscar Arce
Banco de España
Downloads 53 (392,053)
Citation 37

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Fiscal-monetary interactions, Fiscal Theory of the Price Level, interest rate peg, equilibrium (in)determinacy

10.

Making Room for the Needy: The Credit-Reallocation Effects of the ECB's Corporate QE

Banco de Espana Working Paper No. 1743
Number of pages: 39 Posted: 12 Dec 2017
Banco de España, Banco de España and Banco de España
Downloads 50 (402,256)
Citation 27

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unconventional monetary policy, Corporate Sector Purchase Programme, quantitative

11.

Speculative Hyperinflations: when Can We Rule Them Out?

Banco de Espana Research Paper No. WP-0607
Number of pages: 46 Posted: 08 May 2006
Oscar Arce
Banco de España
Downloads 38 (448,276)
Citation 3

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Hyperinflation, Fiscal-Monetary Reform, Multiple Equilibria, Hysteresis

12.

The Effects of the Eurosystem’s Corporate Sector Purchase Programme on Spanish Companies

Banco de Espana Article 2/18
Number of pages: 6 Posted: 01 Mar 2018
Banco de España, Banco de España and Banco de España
Downloads 37 (452,394)
Citation 1

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13.

A Large Central Bank Balance Sheet? Floor vs Corridor Systems in a New Keynesian Environment

Banco de Espana Working Paper No. 1851
Number of pages: 75 Posted: 08 Jan 2019
Oscar Arce, Galo Nuno, Dominik and Carlos Thomas
Banco de España, Banco de España, Banco de España and Banco de España
Downloads 35 (460,976)
Citation 27

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central bank balance sheet, interbank market, search and matching frictions, reserves, zero lower bound

14.

Asymmetric Collateral Requirements and Output Composition

Banco de Espana Working Paper No. 0837
Number of pages: 35 Posted: 02 Feb 2009
Banco de España, University of Navarra - Madrid Campus - IESE Business School and European Stability Mechanism
Downloads 30 (484,447)
Citation 33

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Investment and credit, pledgeability premium, collateral constraints, sectoral allocation, housing

15.

The Eurosystem’s Monetary Policy Following the End of Net Asset Purchases

Banco de Espana Article 4/19
Number of pages: 11 Posted: 26 Feb 2019
Oscar Arce, Galo Nuno and Carlos Thomas
Banco de España, Banco de España and Banco de España
Downloads 28 (494,708)

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central bank balance sheet, unconventional monetary policy, reinvestments

16.

Policy Spillovers and Synergies in a Monetary Union

ECB Working Paper No. 1942
Number of pages: 65 Posted: 28 Aug 2016
Oscar Arce, Samuel Hurtado and Carlos Thomas
Banco de España, Banco de España and Banco de España
Downloads 27 (500,017)

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monetary union, deleveraging, zero lower bound, structural reforms, synergies

17.

Adapting Lending Policies Against a Background of Negative Interest Rates

Banco de Espana Article 5/19
Number of pages: 9 Posted: 29 Mar 2019
Banco de España, Banco de España and Banco de España
Downloads 20 (540,807)
Citation 1

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negative interest rates; risk-taking; lending policies

18.

The Effects of the Eurosystem's Corporate Sector Purchase Programme on Spanish Companies

Economic Bulletin, Article 2/2018
Number of pages: 6 Posted: 24 Jan 2018
Banco de España, Banco de España and Banco de España
Downloads 17 (559,199)

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19.

The Impact of the 2011 Short‐Sale Ban on Financial Stability: Evidence from the Spanish Stock Market

European Financial Management, Vol. 22, Issue 5, pp. 1001-1022, 2016
Number of pages: 22 Posted: 22 Nov 2016
Oscar Arce and Sergio Mayordomo
Banco de España and Banco de España
Downloads 0 (691,345)
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short‐sales constraints, financial stability, financial institutions, credit default swap, contagion