0185-1667 0185-1667 S0185-16672016000300125 10.1016/j.inveco.2016.08.004 España 00 09 2016 00 09 2016 75 297 125 154

2012 21 25-44 2013 2010 8 22 22 37-54 2012 BBVA(Banco Bilbao Vizcaya) 2009 2007 2012 1990 2012 31 9-24 2003 ECB (European Central Bank) 2004 2010 1 321-31 1996 59 39-52 1988 201-20 1996 12 3 3 39-51 1988 36 7-24 2012 231 33-8 2014 2014 2015 2011 1995 2011 2010 2010 33-52 1956 1978 99-118 1983 8 125-38 1994 73 2 2 28-44 1996 12 3 3 17-25 2005 2010 37 29-43 2013 19-27 OECD (Organisation for Economic Co-operation and Development) 1993 93^s6 93^s6 6 143 2004 2000 2012 2007 14 7-27 2012 2013 2015 Bilbao 2015 29 3 3 141-64