スペインの経済学者のハイメ=テルせいろ=ロンば(Jaime Terceiro Lomba: Pontevedra 1946)は、スペインの信用金庫の政治家の介入の弊害と会計の不透明性の危険性を指摘していたなどの功績で、フアン=カルロス国王の経済賞を受賞
Jaime Terceiro Lomba recibe el premio rey Juan Carlos de Economía
El jurado destaca su labor precursora en detectar los problemas de las cajas de ahorros
Miguel Ángel Noceda Madrid 25 SEP 2012 - 13:07 CET
Lomba Terceiro Jaime wins the King Juan Carlos of Economics
The jury emphasizes its pioneering work in detecting problems of the savings banks
Miguel Angel Madrid Noceda 25 SEP 2012 - 13:07 CET
Jaime Terceiro Lomba (Pontevedra 1946) has been awarded the King Juan Carlos of Economics, awarded on a biennial basis, in its fourteenth edition. The jury, chaired by the Governor of the Bank of Spain, Luis Linde, and formed by Gonzalo Anes, Jose Ramon Alvarez Rendueles, Rodolfo Martin Villa, Andreu Mas-Collel, Aurelio Menendez and Juan Velarde-emphasized their academic and, especially, the professional work done as president of Caja Madrid, which highlighted the critical analysis made on the corporate governance of savings banks and anticipation of future problems.
Doctor aeronautical engineer and professor of Econometrics and Economic Analysis of the Universidad Complutense, Terceiro a member of the Royal Academy of Moral and Political Sciences, was CEO of the Mortgage Bank and chaired the savings cited between 1988 and 1996, years in which the company became one of the most creditworthy Spanish financial sector. At this stage needs to have anticipated savings banks, referred sectoral reform has been carried out in recent years.
Terceiro proposed in various publications and conferences as well as within the Spanish Confederation of Savings Banks (CECA), the need to define property rights and to clarify their legal formulation. He also proposed to increase transparency and accountability, noting that failure to carry out these reforms, serious risks would arise in management. However, his preaching met widespread opposition. We assumed lead professional difficulties within the council of the entity and the industry itself, especially because deep end raised political power in the boxes. In its favor, and that it has assessed the jury, that the delay in pushing a reform that was considered necessary and was held back by political interests has forced integrations large entities and recapitalization efforts and access restriction to credit for businesses and individuals.
"The Spanish case is unique within the EU, as the only country in which savings banks have full operational freedom and authority and, no clutch, both are undefined property rights as its legal formulation. This situation is even more worrying when quer boxes are those with the highest relative weight within their respective financial systems, "he wrote then. And also: "Another direct consequence of the peculiar legal status of the boxes is the inability to accumulate equity by issuing shares. This topic is of paramount importance in order to achieve adequate levels of financial solvency. " Also hit the nail on the head about power in the boxes, so decisive in delaying modernization "is difficult to reconcile the interests present in the governing bodies of the boxes and often conflicting notoriously, employees, customers, representatives political and trade union and founding institutions, while attempting to maximize the profitability and solvency of the institution. "
In his academic work stands out especially for its pioneering role in the introduction of methods in state space, which generalize the classical econometric techniques. In 1972 he began to develop, Messerschmitt-Bolkow-Blohm in Munich, a program to estimate dynamic stochastic models, initially to develop aircraft guidance systems and magnetic trains. This program, known as E4, is one of the more general and robust tools that exist on the network for estimation of econometric models. The doctoral thesis addressed and further research have resulted in publications in journals of international quantitative economics. One of his last publications was Economics of Climate Change.
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