Para mejorar el Dictamen del Congreso sobre la Crisis Financiera (To Improve the Congress Report on the Financial Crisis)

23 Pages Posted: 17 Jan 2019 Last revised: 24 May 2019

See all articles by Pablo Fernandez

Pablo Fernandez

University of Navarra - IESE Business School

Date Written: January 7, 2019


Spanish Abstract: El Dictamen actual tiene poco de “investigación” porque a) habla de muchas opiniones y teorías, y de pocos hechos; b) no identifica a las personas responsables de acciones u omisiones; c) omite algunas declaraciones importantes de comparecientes; d) no han comparecido personas que sí pueden informar sobre hechos cruciales y delictivos…

El Dictamen termina con muchas conclusiones y recomendaciones, pero no contiene la más obvia: aplicar las leyes existentes a las personas que las infringieron.

La siguiente versión de este Dictamen mejorará si los redactores tienen en cuenta el siguiente axioma lógico: “Si alguien presume de prever razonablemente crisis, cotizaciones, tipos de interés… y no es billonario, podemos afirmar que es un…”. Esta versión incluye (anexo 5) 62 interesantes comentarios de lectores de versiones anteriores.

English Abstract: The current Report has little "research" because a) it speaks of many opinions and theories, and of few facts; b) does not identify the persons responsible for actions or omissions; c) omits some important statements; d) no people have appeared who can report crucial and criminal facts ...

The Report ends with many conclusions and recommendations, but it does not contain the most obvious: apply the existing laws to the people who violated them.

The following version of this Report will improve if the drafters take into account the following logical axiom: "If someone says that he is able to anticipate crisis, market prices, interest rates ... and is not a billionaire, we can affirm that he is a ...". We also formulate more than 20 questions whose answer would improve the Report.

Note: Downloadable document is in Spanish.

Keywords: banking crisis in Spain; Bank of Spain; unemployment; Spanish Congress Report

JEL Classification: G12, G31, G32

Suggested Citation

Fernandez, Pablo, Para mejorar el Dictamen del Congreso sobre la Crisis Financiera (To Improve the Congress Report on the Financial Crisis) (January 7, 2019). Available at SSRN: or

Pablo Fernandez (Contact Author)

University of Navarra - IESE Business School ( email )

Camino del Cerro del Aguila 3
28023 Madrid
+34 91 357 0809 (Phone)
+34 91 357 2913 (Fax)


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