create a website

Is climate change fueling commercial banks’ non-performing loan ratio? Empirical evidence from 31 provinces in China. (2024). Wang, Feng ; Fan, Wenna ; Jiang, Hongfei ; Ling, Rui ; Yan, Bin ; Zhang, Hao.
In: International Review of Economics & Finance.
RePEc:eee:reveco:v:96:y:2024:i:pa:s105905602400577x.

Full description at Econpapers || Download paper

Cited: 1

Citations received by this document

Cites: 51

References cited by this document

Cocites: 36

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. Climate risk and banking stability in China: A dynamic analysis from the short- and long-term perspectives. (2025). Wang, Shuhong ; Zheng, Lin.
    In: Research in International Business and Finance.
    RePEc:eee:riibaf:v:77:y:2025:i:pa:s0275531925001710.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. Abraham, T.W. ; Fonta, W.M. Climate change and financing adaptation by farmers in northern Nigeria. 2018 Financial Innovation. 4 11-

  2. Alessi, L. ; Bruno, B. ; Carletti, E. ; Neugebauer, K. ; Wolfskeil, I. Cover your assets: Non-performing loans and coverage ratios in europe. 2021 Economic Policy. 36 685-733

  3. Anderson, T. ; Hsiao, C. Estimation of dynamic models with error components. 1981 Journal of the American Statistical Association. 76 598-606
    Paper not yet in RePEc: Add citation now
  4. Ansari, D. ; Holz, F. Between stranded assets and green transformation: Fossil-fuel-producing developing countries towards 2055. 2020 World Development. 130 -

  5. Balakrishnan, K. ; Ertan, A. Banks' financial reporting frequency and asset quality. 2018 The Accounting Review. 93 1-24
    Paper not yet in RePEc: Add citation now
  6. Bernstein, A. ; Gustafson, M.T. ; Lewis, R. Disaster on the horizon: The price effect of sea level rise. 2019 Journal of Financial Economics. 134 253-272

  7. Bos, J.W.B. ; Li, R. ; Sanders, M.W.J.L. Hazardous lending: The impact of natural disasters on bank asset portfolio. 2022 Economic Modelling. 108 -

  8. Burke, M. ; Hsiang, S.M. ; Miguel, E. Global non-linear effect of temperature on economic production. 2015 Nature. 527 235-239

  9. Campiglio, E. ; Dafermos, Y. ; Monnin, P. ; Ryan-Collins, J. ; Schotten, G. ; Tanaka, M. Climate change challenges for central banks and financial regulators. 2018 Nature Climate Change. 8 462-468

  10. Campiglio, E. ; Daumas, L. ; Monnin, P. ; von Jagow, A. Climate‐related risks in financial assets. 2022 Journal of Economic Surveys. 1-43

  11. Capasso, G. ; Gianfrate, G. ; Spinelli, M. Climate change and credit risk. 2020 Journal of Cleaner Production. 266 -
    Paper not yet in RePEc: Add citation now
  12. Chen, B. ; Chu, L. Decoupling the double jeopardy of climate risk and fiscal risk: A perspective of infrastructure investment. 2022 Climate Risk Management. 37 -
    Paper not yet in RePEc: Add citation now
  13. Choi, D. ; Gao, Z.Y. ; Jiang, W.X. Attention to global warming. 2020 Review of Financial Studies. 33 1112-1145

  14. Cleary, S. ; Willcott, N. The cost of delaying to invest: A Canadian perspective. 2022 Finance Research Letters. 50 -

  15. Collier, B. ; Skees, J. Increasing the resilience of financial intermediaries through portfolio-level insurance against natural disasters. 2012 Natural Hazards. 64 55-72

  16. Cui, G.H. ; Zhang, Y. ; Ma, J.W. ; Yao, W.Y. Does environmental regulation affect the labor income share of manufacturing enterprises? Evidence from China. 2023 Economic Modelling. 123 -

  17. D'Orazio, P. ; Popoyan, L. Fostering green investments and tackling climate-related financial risks: Which role for macroprudential policies?. 2019 Ecological Economics. 160 25-37

  18. Dafermos, Y. ; Nikolaidi, M. How can green differentiated capital requirements affect climate risks? A dynamic macrofinancial analysis. 2021 Journal of Financial Stability. 54 -

  19. Del Gaudio, B.L. ; Previtali, D. ; Sampagnaro, G. ; Verdoliva, V. ; Vigne, S. Syndicated green lending and lead bank performance. 2022 Journal of International Financial Management & Accounting. 33 412-427
    Paper not yet in RePEc: Add citation now
  20. Dell, M. ; Jones, B.F. ; Olken, B.A. Temperature and income: Reconciling new cross-sectional and panel estimates. 2009 The American Economic Review. 99 198-204

  21. Dietz, S. ; Bowen, A. ; Dixon, C. ; Gradwell, P. ‘Climate value at risk’ of global financial assets. 2016 Nature Climate Change. 6 676-679
    Paper not yet in RePEc: Add citation now
  22. Dogru, T. ; Marchio, E.A. ; Bulut, U. ; Suess, C. Climate change: Vulnerability and resilience of tourism and the entire economy. 2019 Tourism Management. 72 292-305
    Paper not yet in RePEc: Add citation now
  23. Engle, R.F. ; Giglio, S. ; Kelly, B. ; Lee, H. ; Stroebel, J. Hedging climate change news. 2020 Review of Financial Studies. 33 1184-1216

  24. Gambhir, A. ; George, M. ; McJeon, H. ; Arnell, N.W. ; Bernie, D. ; Mittal, S. ; Köberle, A.C. ; Lowe, J. ; Rogelj, J. ; Monteith, S. Near-term transition and longer-term physical climate risks of greenhouse gas emissions pathways. 2022 Nature Climate Change. 12 88-96

  25. Ghosh, A. Banking-industry specific and regional economic determinants of non-performing loans: Evidence from US states. 2015 Journal of Financial Stability. 20 93-104

  26. Gilmore, E.A. ; Kousky, C. ; St Clair, T. Climate change will increase local government fiscal stress in the United States. 2022 Nature Climate Change. 12 216-218

  27. Goldstein, A. ; Turner, W.R. ; Gladstone, J. ; Hole, D.G. The private sector's climate change risk and adaptation blind spots. 2019 Nature Climate Change. 9 18-25

  28. Hong, H. ; Li, F.W. ; Xu, J.M. Climate risks and market efficiency. 2019 Journal of Econometrics. 208 265-281

  29. Huang, H.H. ; Kerstein, J. ; Wang, C. ; Wu, F. ; Harry, Firm climate risk, risk management, and bank loan financing. 2022 Strategic Management Journal. 43 2849-2880

  30. Kalkuhl, M. ; Wenz, L. The impact of climate conditions on economic production. Evidence from a global panel of regions. 2020 Journal of Environmental Economics and Management. 103 -

  31. Kalli, R. ; Jena, P.R. How large is the farm income loss due to climate change? Evidence from India. 2022 China Agricultural Economic Review. 14 331-348

  32. Klomp, J. Financial fragility and natural disasters: An empirical analysis. 2014 Journal of Financial Stability. 13 180-192

  33. Kramer, B. ; Hazell, P. ; Alderman, H. ; Ceballos, F. ; Kumar, N. ; Timu, A.G. Is agricultural insurance fulfilling its promise for the developing world? A review of recent evidence. 2022 Annual Review of Resource Economics. 14 291-311

  34. Krueger, P. ; Sautner, Z. ; Starks, L.T. The importance of climate risks for institutional investors. 2020 Review of Financial Studies. 33 1067-1111

  35. Li, J.P. ; Mirza, N. ; Rahat, B. ; Xiong, D. Machine learning and credit ratings prediction in the age of fourth industrial revolution. 2020 Technological Forecasting and Social Change. 161 -

  36. Li, Y.W. ; Liao, M. ; Liu, Y.K. How does green credit policy affect polluting firms’ dividend policy? The China experience. 2023 International Review of Financial Analysis. 88 -
    Paper not yet in RePEc: Add citation now
  37. Lin, B.Q. ; Wu, N. Climate risk disclosure and stock price crash risk: The case of China. 2023 International Review of Economics & Finance. 83 21-34
    Paper not yet in RePEc: Add citation now
  38. Marshall, N.A. ; Taylor, B.M. ; Heyenga, S. ; Butler, D. Vulnerability of the livestock industry in eastern Australia. 2018 Sustainability Science. 13 393-402
    Paper not yet in RePEc: Add citation now
  39. Mills, E. Insurance in a climate of change. 2005 Science. 309 1040-1044
    Paper not yet in RePEc: Add citation now
  40. Nguyen, T.P.T. ; Nghiem, S. ; Tripe, D. Does oil price aggravate the impact of economic policy uncertainty on bank performance in India?. 2021 Energy Economics. 104 -

  41. Reghezza, A. ; Altunbas, Y. ; Marques-Ibanez, D. ; Rodriguez d'Acri, C.R. ; Spaggiari, M. Do banks fuel climate change?. 2022 Journal of Financial Stability. 62 -

  42. Schüwer, U. ; Lambert, C. ; Noth, F. How do banks react to catastrophic events? Evidence from hurricane katrina. 2019 Review of Finance. 23 75-116

  43. Song, M.L. ; Xie, Q.J. ; Shen, Z.Y. Impact of green credit on high-efficiency utilization of energy in China considering environmental constraints. 2021 Energy Policy. 153 -

  44. Song, X.N. ; Fang, T. Temperature shocks and bank systemic risk: Evidence from China. 2023 Finance Research Letters. 51 -

  45. Sun, Y.P. ; Yang, Y. ; Huang, N. ; Zou, X. The impacts of climate change risks on financial performance of mining industry: Evidence from listed companies in China. 2020 Resources Policy. 69 -

  46. Umar, M. ; Ji, X.F. ; Mirza, N. ; Naqvi, B. Carbon neutrality, bank lending, and credit risk: Evidence from the Eurozone. 2021 Journal of Environmental Management. 296 -
    Paper not yet in RePEc: Add citation now
  47. Valente, D. ; Miglietta, P.P. ; Porrini, D. ; Pasimeni, M.R. ; Zurlini, G. ; Petrosillo, I. A first analysis on the need to integrate ecological aspects into financial insurance. 2019 Ecological Modelling. 392 117-127

  48. Wang, C. ; Wang, L. Green credit and industrial green total factor productivity: The impact mechanism and threshold effect tests. 2023 Journal of Environmental Management. 331 -
    Paper not yet in RePEc: Add citation now
  49. Wifling, M. Financial precautions, carbon dioxide leakage, and the European Directive 2009/31/EC on carbon capture and storage (CCS). 2020 Climatic Change. 163 787-806

  50. Yildirim, A. The effect of relationship banking on firm efficiency and default risk. 2020 Journal of Corporate Finance. 65 -

  51. Zivin, J.G. ; Hsiang, S.M. ; Neidell, M. Temperature and human capital in the short and long run. 2018 Journal of the Association of Environmental and Resource Economists. 5 77-105

Cocites

Documents in RePEc which have cited the same bibliography

  1. Climate Change Mitigation Policies for Developing Countries. (2025). Fankhauser, Sam ; Caucheteux, Juliette ; Srivastav, Sugandha.
    In: Review of Environmental Economics and Policy.
    RePEc:ucp:renvpo:doi:10.1086/732475.

    Full description at Econpapers || Download paper

  2. Bridging Research, Policy, and Practice: A Meta-Analysis of 56 Climate Adaptation Studies in Nigerian Agriculture. (2025). Sultan, Benjamin ; Lescure, Tiffanie ; Defrance, Dimitri.
    In: SocArXiv.
    RePEc:osf:socarx:p8nb6_v1.

    Full description at Econpapers || Download paper

  3. Legitimacy under pressure: Energy firms’ expansion in countries with weak environmental performance. (2025). Michailova, Snejina ; Wu, Sihong ; Fan, DI.
    In: World Development.
    RePEc:eee:wdevel:v:185:y:2025:i:c:s0305750x24002705.

    Full description at Econpapers || Download paper

  4. Is fossil fuel intensity adversely affecting health improvement and sustainability?. (2025). Yang, Xuewen.
    In: Resources Policy.
    RePEc:eee:jrpoli:v:101:y:2025:i:c:s0301420724007554.

    Full description at Econpapers || Download paper

  5. Supply-side climate policy and fossil fuels in developing countries: a neo-Gramscian perspective. (2024). Heras, Augusto.
    In: International Environmental Agreements: Politics, Law and Economics.
    RePEc:spr:ieaple:v:24:y:2024:i:1:d:10.1007_s10784-024-09627-z.

    Full description at Econpapers || Download paper

  6. The environmental and economic effects of international cooperation on restricting fossil fuel supply. (2024). Fragkiadakis, Kostas ; Peterson, Lauri ; Fragkos, Panagiotis ; Asselt, Harro.
    In: International Environmental Agreements: Politics, Law and Economics.
    RePEc:spr:ieaple:v:24:y:2024:i:1:d:10.1007_s10784-023-09623-9.

    Full description at Econpapers || Download paper

  7. How do climate concerns and value orientation among bankers influence agricultural financing?. (2024). Kotani, Koji ; Masud, Md Rony ; Asma, Khatun Mst.
    In: Working Papers.
    RePEc:kch:wpaper:sdes-2024-6.

    Full description at Econpapers || Download paper

  8. Is climate change fueling commercial banks’ non-performing loan ratio? Empirical evidence from 31 provinces in China. (2024). Wang, Feng ; Fan, Wenna ; Jiang, Hongfei ; Ling, Rui ; Yan, Bin ; Zhang, Hao.
    In: International Review of Economics & Finance.
    RePEc:eee:reveco:v:96:y:2024:i:pa:s105905602400577x.

    Full description at Econpapers || Download paper

  9. Time-frequency tail risk spillover between ESG climate and high-carbon assets: The role of economic policy uncertainty and financial Stress. (2024). Huang, Zishan ; Deng, XI ; Zeng, Tian ; Zhu, Huiming.
    In: Finance Research Letters.
    RePEc:eee:finlet:v:67:y:2024:i:pa:s1544612324008961.

    Full description at Econpapers || Download paper

  10. Unlocking the impact of international financial support to infrastructure, energy efficiency, and ICT on CO2 emissions in India. (2024). Destek, Mehmet ; Esmaeili, Parisa ; Balsalobre-Lorente, Daniel ; Ozkan, Oktay.
    In: Energy Policy.
    RePEc:eee:enepol:v:194:y:2024:i:c:s0301421524003604.

    Full description at Econpapers || Download paper

  11. Financial stability, stranded assets and the low‐carbon transition – A critical review of the theoretical and applied literatures. (2024). Daumas, Louis.
    In: Journal of Economic Surveys.
    RePEc:bla:jecsur:v:38:y:2024:i:3:p:601-716.

    Full description at Econpapers || Download paper

  12. Speed for Safety: The Establishment of Bankruptcy Courts and Bank Credit Risk in China. (2023). Zhang, Yue.
    In: Journal of Applied Finance & Banking.
    RePEc:spt:apfiba:v:13:y:2023:i:6:f:13_6_2.

    Full description at Econpapers || Download paper

  13. Closing the supply-side gap: using a novel vulnerability index to identify the right policy mix for coal producing countries. (2023). Yanguas, Paola Andrea.
    In: Sustainability Nexus Forum.
    RePEc:spr:sumafo:v:31:y:2023:i:1:d:10.1007_s00550-024-00530-4.

    Full description at Econpapers || Download paper

  14. Dynamic linkages between globalization, human capital, and carbon dioxide emissions: empirical evidence from developing economies. (2023). Murshed, Muntasir ; Jahanger, Atif ; Usman, Muhammad ; Radulescu, Magdalena ; Yang, BO ; Huang, Wei-Chiao.
    In: Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development.
    RePEc:spr:endesu:v:25:y:2023:i:9:d:10.1007_s10668-022-02437-w.

    Full description at Econpapers || Download paper

  15. Green Jobs in the Energy Sector. (2023). Kozar, Ukasz Jarosaw ; Sulich, Adam.
    In: Energies.
    RePEc:gam:jeners:v:16:y:2023:i:7:p:3171-:d:1113078.

    Full description at Econpapers || Download paper

  16. Effect of weather and environmental attentions on financial system risks: Evidence from Chinese high- and low-carbon assets. (2023). Yoon, Seong-Min ; Dong, Xiyong.
    In: Energy Economics.
    RePEc:eee:eneeco:v:121:y:2023:i:c:s0140988323001780.

    Full description at Econpapers || Download paper

  17. The expansion of natural gas infrastructure puts energy transitions at risk. (2022). Kemfert, Claudia ; Braunger, Isabell ; Brauers, Hanna ; Hoffart, Franziska M ; Prager, Fabian.
    In: EconStor Open Access Articles and Book Chapters.
    RePEc:zbw:espost:269196.

    Full description at Econpapers || Download paper

  18. The expansion of natural gas infrastructure puts energy transitions at risk. (2022). Kemfert, Claudia ; Braunger, Isabell ; Brauers, Hanna ; Hoffart, Franziska M ; Prager, Fabian.
    In: Nature Energy.
    RePEc:nat:natene:v:7:y:2022:i:7:d:10.1038_s41560-022-01060-3.

    Full description at Econpapers || Download paper

  19. Balancing national economic policy outcomes for sustainable development. (2022). Ringler, Claudia ; Nechifor, Victor ; Basheer, Mohammed ; Harou, Julien J ; Hulme, David ; Calzadilla, Alvaro.
    In: Nature Communications.
    RePEc:nat:natcom:v:13:y:2022:i:1:d:10.1038_s41467-022-32415-9.

    Full description at Econpapers || Download paper

  20. Measuring fossil fuel reserves: A simulation and review of the U.S. Securities and Exchange Commission approach. (2022). O'Brien, Thomas E ; Tansey, Michael ; Vicknair, David.
    In: Resources Policy.
    RePEc:eee:jrpoli:v:79:y:2022:i:c:s0301420722004718.

    Full description at Econpapers || Download paper

  21. Evaluating natural gas supply security in China: An exhaustible resource market equilibrium model. (2022). Qiu, Yangyang ; Wang, Xiaolin ; Hu, Xiangping ; Chen, Jun.
    In: Resources Policy.
    RePEc:eee:jrpoli:v:76:y:2022:i:c:s0301420722000150.

    Full description at Econpapers || Download paper

  22. Mapping the emergence and diffusion of climate-related financial policies: Evidence from a cluster analysis on G20 countries. (2022). D'Orazio, Paola.
    In: International Economics.
    RePEc:eee:inteco:v:169:y:2022:i:c:p:135-147.

    Full description at Econpapers || Download paper

  23. Does COVID-19 change the long-term prospects of latecomer industrialisation?. (2021). Brandi, Clara ; Vrolijk, Kasper ; Pegels, Anna ; Stamm, Andreas ; Zintl, Tina ; Altenburg, Tilman.
    In: IDOS Discussion Papers.
    RePEc:zbw:diedps:322021.

    Full description at Econpapers || Download paper

  24. Fossil fuels, climate change, and the COVID-19 crisis: pathways for a just and green post-pandemic recovery. (2021). Culbert, Vance ; le Billon, Philippe ; Lujala, Paivi ; Singh, Devyani ; Kristoffersen, Berit.
    In: Climate Policy.
    RePEc:taf:tcpoxx:v:21:y:2021:i:10:p:1347-1356.

    Full description at Econpapers || Download paper

  25. Local Perceptions of Climate Change and Adaptation Responses from Two Mountain Regions in Tanzania. (2021). Marchant, Robert A ; Kaganzi, Kaiza R ; McHarazo, Fatuma ; Martin, Emanuel H ; Cuni-Sanchez, Aida.
    In: Land.
    RePEc:gam:jlands:v:10:y:2021:i:10:p:999-:d:641119.

    Full description at Econpapers || Download paper

  26. What Drives Saudi Airstrikes in Yemen? An Empirical Analysis of the Dynamics of Coalition Airstrikes, Houthi Attacks, and the Oil Market. (2021). Ansari, Dawud ; de Oca, Mariza Montes ; Schluter, Helen.
    In: Discussion Papers of DIW Berlin.
    RePEc:diw:diwwpp:dp1959.

    Full description at Econpapers || Download paper

  27. Communications on Climate Change and Biodiversity Loss with Local Populations: Exploring Best-practices and Postcolonial Moments in Eight Case Studies from across the Globe. (2021). Ansari, Dawud ; Abud, Melissa ; Munera-Roldan, Claudia ; Schmidt, Matthew ; Schumann, Charlotte ; Stoll-Kleemann, Susanne ; Figueroa, Carolina ; Sengupta, Sayanti ; de Bisthoven, Luc Janssens ; Wyborn, Carina ; van Kerkhoff, Lorrae ; de la Vega-Leinert, Anne Cristina ; Schonenberg, Regine ; Becerra, Laura ; Rochette, Anne-Julie ; Hauser, Philipp ; Huge, Jean ; Guevara, Oscar ; Petzold, Jan ; Dudley, Nigel ; Keunen, Hilde ; Hobbie, Hannes ; Dunlop, Michael.
    In: Discussion Papers of DIW Berlin.
    RePEc:diw:diwwpp:dp1945.

    Full description at Econpapers || Download paper

  28. An installation-level model of Chinas coal sector shows how its decarbonization and energy security plans will reduce overseas coal imports. (2021). Gosens, Jorrit ; Jotzo, Frank ; Turnbull, Alex.
    In: Papers.
    RePEc:arx:papers:2112.06357.

    Full description at Econpapers || Download paper

  29. Diversification and Cooperation Strategies in a Decarbonizing World. (2020). van der Mensbrugghe, Dominique ; Golub, Alexander ; Peszko, Grzegorz.
    In: Policy Research Working Paper Series.
    RePEc:wbk:wbrwps:9315.

    Full description at Econpapers || Download paper

  30. Assessment of Formal Credit and Climate Change Impact on Agricultural Production in Pakistan: A Time Series ARDL Modeling Approach. (2020). Shehzad, Khurram ; Jiang, Yuansheng ; Amin, Waqas ; Ahmad, Fayyaz ; Rauf, Abdul ; Chandio, Abbas Ali.
    In: Sustainability.
    RePEc:gam:jsusta:v:12:y:2020:i:13:p:5241-:d:377389.

    Full description at Econpapers || Download paper

  31. Bridging the financial inclusion gender gap in smallholder agriculture in Nigeria: An untapped potential for sustainable development. (2020). Machethe, Charles ; Adegbite, Olayinka O.
    In: World Development.
    RePEc:eee:wdevel:v:127:y:2020:i:c:s0305750x19304048.

    Full description at Econpapers || Download paper

  32. Power market reform in China: Motivations, progress, and recommendations. (2020). Xia, Qing ; Jiang, Nan ; Davidson, Michael R ; Guo, Hongye ; Zhang, DA ; Kang, Chongqing ; Chen, Qixin.
    In: Energy Policy.
    RePEc:eee:enepol:v:145:y:2020:i:c:s0301421520304444.

    Full description at Econpapers || Download paper

  33. Taking stock of the empirical evidence on the insurance value of ecosystems. (2020). Bark, Rosalind ; Rendon, Olivia ; Dallimer, Martin ; Martin-Ortega, Julia ; Paavola, Jouni ; Gordon, Iain J ; Afionis, Stavros.
    In: Ecological Economics.
    RePEc:eee:ecolec:v:167:y:2020:i:c:s0921800918317105.

    Full description at Econpapers || Download paper

  34. Do migrant remittances matter for financial development in Kenya?. (2019). Misati, Roseline Nyakerario ; Nassir, Hared ; Kamau, Anne.
    In: Financial Innovation.
    RePEc:spr:fininn:v:5:y:2019:i:1:d:10.1186_s40854-019-0142-4.

    Full description at Econpapers || Download paper

  35. Climate change adaptation and the role of fuel subsidies: An empirical bio-economic modeling study for an artisanal open-access fishery. (2019). Demissie, Teferi ; Lancker, Kira ; Schmidt, Jorn O ; Deppenmeier, Anna-Lena.
    In: PLOS ONE.
    RePEc:plo:pone00:0220433.

    Full description at Econpapers || Download paper

  36. Estimating the effects of financial access on poor farmers in rural northern Nigeria. (2018). Abraham, Terfa W.
    In: Financial Innovation.
    RePEc:spr:fininn:v:4:y:2018:i:1:d:10.1186_s40854-018-0112-2.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2025-09-21 04:47:55 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Last updated August, 3 2024. Contact: Jose Manuel Barrueco.