The Origins Of Modern Banking In Spain: The Role Of Monetary Plurality (financial History)

This book analyses the formation of the Spanish banking system. It provides a general overview of European financial systems in operation during the mid-nineteenth century, followed by a detailed analysis of the economic and institutional changes that gave rise to a new form of banking in Spain.The chapters analyse changes on banking regulation; study the social origin of banks' promoters; investigate the economic results of banks; and evaluate the interaction between banks and the economy as a whole. Finally, the causes, extent and consequences of monetary plurality in Spain and its European context are discussed. As such, this book covers the gap that exists in the Spanish banking historiography. Until now only the Bank of Spain and its predecessors had been adequately examined. As the Bank of Spain acted mostly as the state's financial agent, we know very little about private-sector financing. This text provides data and analysis for a more comprehensive view of early Spanish financial development in a comparative European framework.__The Origins of Modern Banking in Spain__should be considered essential reading for financial history students and scholars, as well as anybody interested in longview approaches to modern financial development. This Book Analyses The Formation Of The Spanish Banking System. It Provides A General Overview Of European Financial Systems In Operation During The Mid-nineteenth Century, Followed By A Detailed Analysis Of The Economic And Institutional Changes That Gave Rise To A New Form Of Banking In Spain. The Chapters Analyse Changes On Banking Regulation; Study The Social Origin Of Banks' Promoters; Investigate The Economic Results Of Banks; And Evaluate The Interaction Between Banks And The Economy As A Whole. Finally, The Causes, Extent And Consequences Of Monetary Plurality In Spain And Its European Context Are Discussed. As Such, This Book Covers The Gap That Exists In The Spanish Banking Historiography. Until Now Only The Bank Of Spain And Its Predecessors Had Been Adequately Examined. As The Bank Of Spain Acted Mostly As The State's Financial Agent, We Know Very Little About Private-sector Financing. This Text Provides Data And Analysis For A More Comprehensive View Of Early Spanish Financial Development In A Comparative European Framework. The Origins Of Modern Banking In Spainshould Be Considered Essential Reading For Financial History Students And Scholars, As Well As Anybody Interested In Longview Approaches To Modern Financial Development. Y Spanish Financial Development In A Comparative European Framework. The Origins Of Modern Banking In Spainshould Be Considered Essential Reading For Financial History Students And Scholars, As Well As Anybody Interested In Longview Approaches To Modern Financial Development. Cover 1 Half Title 2 Series 3 Title 4 Copyright 5 Contents 6 List of figures 8 List of tables 10 List of contributors 12 Acknowledgements 14 Editors’ note 16 Introduction 18 1 Money and banking in Europe, 1700–1890: the formation of new financial systems 28 2 Banking regulation and the emergence of provincial banks in Spain 66 3 Bourgeoisie and provincial banks: social origins of the new banking elite 90 4 A profitability approach to Spanish banks’ performance: earnings and assets 110 5 Provincial banks of issue and the Spanish economy: money and credit 128 6 The unexpected end of monetary plurality: a premature demise? 172 7 A final assessment: Spanish banking development in nineteenth-century Europe 188 Index 204 Este libro analiza la formación del sistema bancario español. Nos da una idea general del sistema financiero europeo, analiza los cambios en la regulación bancaria, el origen de los promotores bancarios y evalúa la interacción entre los bancos y el resto de la economía. Este libro cubre el vacío existente en la historiografía del sistema bancario español, pues hasta ahora sólo el Banco de España había sido suficientemente estudiado