From Good to Bad Bankers : Lessons Learned from a 50-Year Career in Banking

1. From good bankers to bad bankers -- 2. The Spanish banking crisis of the 1970s and 1980s -- 3. The microeconomic roots of the banking crisis -- 4. Bank reform in eastern Europe -- 5. ‘False friends' and banking reform -- 6. The dynamics of undisclosed insolvency -- 7. Obstacles in the way of crisis resolution excerpts from the paper Despejar el Terreno (Clearing the Decks) -- 8. The financial systems and the ethics of restructuring -- 9. Liquidity and euphoria -- 10. The recommended option -- 11. The problems of the European banking union -- 12. Stability and its risks -- 13. Practical lessons for dealing with problem banks -- 14. Non performing loans - NPLs