institutional and macroeconomic features as the ultimate explanations of Spain's post-war growth performance. The following main … relative stagnation of the transition from Franco's dictatorship to democracy (1975-85), which ended with Spain's membership of …

We use survey data to study American households’ propensity to default when the value of their mortgage exceeds the … value of their house even if they can afford to pay their mortgage (strategic default). We find that 26% of the existing … the house. Yet, 17% of households would default, even if they can afford to pay their mortgage, when the equity shortfall …

How do credit standards on the mortgage market affect neighbourhood choice and the resulting level of urban segregation …-2006 mortgage credit boom on the level of school segregation. Census tract racial composition is strongly correlated with the racial … composition of the 10 closest schools in the cross section. Matching a national data set of mortgage originations with annual …

This paper investigates the determinants of trends in Spain's industrial exports to other Community countries by using … influence of advertising expenditure and, to a lesser extent, technological effort on Spain's industrial export performance. …

government. We estimate the model using 1995Q1-2013Q2 data for Spain, the rest of the Euro Area (REA) and the rest of the world … for Spanish households and firms, as well as a fall in the interest rate spread between Spain and the REA fuelled the … Spanish output boom and the persistent rise in foreign capital flows to Spain, before the global financial crisis. During and …

this paper for the particular case of Spain, a fast growing country in the second half of the twentieth century. It is …

honour his debts four times during his reign. In this paper, we reassess the fiscal position of Habsburg Spain. New archival … make the king's debt sustainable for most of his reign. Spain's debt burden was manageable up to the 1580s, and its fiscal … functions, and show that Spain under the Habsburgs was at least as "responsible" as the US in the 20th century or as Britain in …

This paper provides a conceptual framework to analyze the main economic issues raised by Spain's integration into the … described as a major anticipated permanent shock with both real and financial consequences. In the case of Spain it is found …