Abuelito

An outsider’s perspective of the Spanish funerary process and the universal grappling with grief

In Defense of Feminists Who Like Fashion

I’m sitting on the downtown R train one night in Manhattan, a copy of Vogue resting on my crossed legs. It is late and I am clearly unwinding peacefully as I thumb through page after glamorous page of my magazine. The train stops at Prince Street and there’s the usual flux of people in and out. Those left inside settle as the train pulls out of the station. “Ugh. Fashion is stupid,” remarks one young man to another, both of whom are sitting diagonally from me and well within earshot. He’s watching me ignore him as I continue enjoying my reading material. [excerpt

Spain: Short on children and short on family policies

Spain’s total fertility rate has more than halved since 1975, when it was 2.8, to the present 1.3 (the lowest rate on record, 1.2, was reached in 1995). At the same time, the mean age at first childbirth has grown continually, seriously hindering any sustained recovery of fertility. Cohort fertility, in turn, has declined uninterruptedly since the 1941 cohort, and according to all estimates, this will drop to 1.6 for women born in the 1960s. A downturn in nuptiality, which has not been offset by a rise in consensual unions, along with the prevalence of contraceptives and abortion, have contributed substantially to falling fertility. Underlying this decrease is the profound cultural, social, and economic change that has raised the perceived costs of leaving the parental home and having children. The lack of any explicit family policy or transfers to compensate for such costs has reinforced that perception.childbearing, Europe, family policy, fertility, Spain

Aspectos básicos de la gestión de tesorería

En este trabajo se ha hace una introducción y definición de la gestión de tesorería. Las áreas de acción se han agrupado bajo tres conceptos: Cash-Management, gestión de fondos y gestión de riesgo de cambio

Welcoming remarks

Evento: Pathways to Gender Equality in Central Banks. Organizado por: IEA, BE y Banco de la Rep. de ColombiaGiving visibility to issues related to gender diversity, are key to finding solutions to the waste of talent that involves not taking this diversity into account, consequently putting economic growth at risk and depriving economies of opportunities to develop

Economic prospects and impact on the financial system

Evento: Global Managers Meeting. Organizado por: KPMGThe economic situation remains highly uncertain, in particular due to the ongoing war in Ukraine, the implied tensions in food and energy markets, the sanctions enacted against Russia, and the risks surrounding the continuation of energy trade with the latter. We foresee a significant deceleration of the economy and high inflation in the very short-run, we also expect the economic situation to normalise thereafter, with inflation easing over 2023. Fiscal policy has a key role to play, provided it targets the households and economic sectors hardest hit by the crisis, given the limited room for manoeuvre in public budgets. An appropriate combination of policies would support economic normalization and help tackle the inflationary episode, as would the continuation of prudent approaches by wage- and price setters. Monetary policy can certainly meet the challenge. Nevertheless, while the financial system is robust enough to navigate these troubled waters, prudence will once again guide banks to a safe harbour

El reforzamiento de la arquitectura del área del euro: avances recientes en materia de gobernanza fiscal y de gestión de crisis bancarias

Evento: Apertura Máster Universitario en Gobernanza Económica Europea. Organizado por: Universidad Carlos III (Madrid)Reforzar la sostenibilidad de las finanzas públicas es esencial para garantizar la estabilidad macroeconómica y el correcto funcionamiento del área del euro. Ampliar el conjunto de instrumentos a disposición de las autoridades para financiar procesos de resolución bancaria e incrementaría la eficiencia y la homogeneidad de la gestión de las crisis bancarias en Europa. Las economías europeas tienen ante sí grandes retos ―empezando por las transiciones ecológica y digital― que requieren sustanciales inversiones públicas y privadas. Es esencial avanzar en las reformas pendientes de la arquitectura europea, sobre todo en la culminación de la unión bancaria y de la unión de los mercados de capitales, así como en la creación de una capacidad de estabilización macroeconómica permanente

Dinero de banco central para la era digital: reflexiones sobre el nuevo paradigma

Conferencia Anual de la Central Bank Research AssociationTítulo en inglés: Central bank money for the digital age: reflections on the new paradigmMás allá de los abrumadores desafíos que plantean la inflación, el cambio climático, la estabilidad macroeconómica y muchos otros retos que se abordarán en la conferencia de este año, en los próximos minutos quisiera centrarme en algo muy diferente que está relacionado con un tema de gran actualidad: las monedas digitales de banco central (CBDC, por sus siglas en inglés). Es decir, la emisión de un nuevo pasivo de banco central, en formato digital y accesible para todos los usuarios