May 2018 | No. 423

May 2018 | No. 423

Editorial

Money in Switzerland

Enric Fernandez CaixaBank Research

Enric Fernández

Key points of the month

Strong economic drive, with risks lurking on the horizon

Forecasts and indicators

Indicators and forecasts

Financial markets

Financial markets are advancing in a more volatile environment
On the likelihood of a recession in the US
Adrià Morron Salmeron

International economy

European economy

Spanish economy

The positive start to 2018 looks set to continue
Spain’s current account is continuing on the right track
Jordi Singla
The balancing of the public finances, at the mercy of economic improvement
Maria del Mar Domènech
Should we be concerned about the low household savings rate?
Judit Montoriol Garriga

Dossier

What can we expect from cryptocurrencies?
Oriol Carreras Baquer
Digital money in the economy of the future: new possibilities, new challenges
Javier García ArenasMarta Guasch
From barter to cryptocurrency: a brief history of exchange
Cristina FarrasAdrià Morron Salmeron

May 2018 | No. 423

Dossier

Money: past, present and future

Content available in

catalan spanish

Editorial

Money in Switzerland

Enric Fernandez CaixaBank Research

Enric Fernández

Key points of the month

Strong economic drive, with risks lurking on the horizon

Forecasts and indicators

Forecasts Key indicators financial markets Key indicators international economy Key indicators European Union Key indicators Spanish economy

Financial markets

Economic outlook

Financial markets are advancing in a more volatile environment

Focus

On the likelihood of a recession in the US

Adrià Morron Salmeron

International economy

Economic outlook

Strong global growth, but with upside risks

Focus

Growth in the emerging economies and global financial conditions: a close relationship

Àlex Ruiz

Focus

The US and China: escalation of the trade conflict

Clàudia Canals

European economy

Economic outlook

Positive outlook despite the slight slowdown in growth

Focus

The long road towards a secure European bond

Oriol Carreras Baquer

Focus

Made in Portugal: the new Portuguese export boom

Spanish economy

Economic outlook

The positive start to 2018 looks set to continue

Focus

Should we be concerned about the low household savings rate?

Judit Montoriol Garriga

Focus

Spain’s current account is continuing on the right track

Jordi Singla

Focus

The balancing of the public finances, at the mercy of economic improvement

Maria del Mar Domènech

Dossier

Money: past, present and future

Focus

From barter to cryptocurrency: a brief history of exchange

Cristina Farras

Adrià Morron Salmeron

Focus

What can we expect from cryptocurrencies?

Oriol Carreras Baquer

Focus

Digital money in the economy of the future: new possibilities, new challenges

Javier García Arenas

Marta Guasch