Financial crises in Spainlessons from the last 150 years

  1. Betrán Pérez, Concha
  2. Martín-Aceña Manrique, Pablo
  3. Pons Brías, María Angeles
Journal:
Revista de Historia Económica = Journal of Iberian and Latin American Economic History

ISSN: 0212-6109

Year of publication: 2012

Year: 30

Issue: 3

Pages: 417-446

Type: Article

DOI: 10.1017/S0212610912000146 DIALNET GOOGLE SCHOLAR lock_opene-Archivo editor

More publications in: Revista de Historia Económica = Journal of Iberian and Latin American Economic History

Sustainable development goals

Abstract

Financial crises are not unique to current financial systems. Are crises alike? Have they become more frequent, longer lasting and more severe since the 20th century? What does history tell us? The objective of this paper is to study the financial crises that have occurred in Spain over the last 150 years. We consider different types of crises (banking, currency and stock market crises), together with all their possible combinations, estimate their frequency by period and measure their length and depth. The main conclusion we obtain is that Spanish crises have been more frequent than in the rest of the world and have been more severe and more complex since 1973, as the 2007 crisis is confirming.

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Data source: Dialnet