The banking sector is the more important segment of Spanish financial system. Other financial institutions have had little signification, and they have also been controlled for banks. The Spanish financial literature has situated the born of investment trusts in the 1950 decade because of the limited Spanish stock market and the absence of a specific legislation for them. But, there were investment trusts before 1950, and Ahorro y Fortuna, an investment trust created in 1912 in Santa Cruz de Tenerife, was an example of them.
Download Info
To download:
If you experience problems downloading a file, check if you have the
proper application to
view it first. Information about this may be contained
in the File-Format links below. In case of further problems read
the IDEAS help
page. Note that these files are not on the IDEAS
site. Please be patient as the files may be large.