Oscar Arce

Banco de España

Economist

Alcala 50

Madrid 28014

Spain

SCHOLARLY PAPERS

19

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1,647

CITATIONS
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Top 2,374

in Total Papers Citations

324

Scholarly Papers (19)

1.
Downloads 335 ( 88,787)
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 331 (89,397)
Citation 34

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 (646,720)
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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 217 (139,849)
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 192 (156,840)
Citation 16

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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 172 (173,080)
Citation 1

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short-sales constraint, financial stability, market quality

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 119 (234,326)
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 (524,346)
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Price-to-rent ratio, collateral constraints, buy-to-let investment, multiple equilibria

6.

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 (231,832)
Citation 68

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

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 73 (323,549)

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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 27 (493,701)
Citation 12

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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 7 (624,582)
Citation 13

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negative interest rates; risk taking; lending policies

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 71 (325,039)
Citation 3

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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 52 (379,726)
Citation 36

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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 43 (410,953)
Citation 24

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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 37 (434,433)
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 32 (455,627)

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13.

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 (465,037)
Citation 33

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

14.

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 27 (480,002)
Citation 18

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

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 26 (485,326)

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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 24 (496,363)

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

17.

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 11 (572,958)

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18.

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 10 (579,240)

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negative interest rates; risk-taking; lending policies

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 (666,984)
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short‐sales constraints, financial stability, financial institutions, credit default swap, contagion