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Nacionalizando el capital bancario: Banesto y Paribas (1902-1927)


  • José Luis García Ruiz

    () (Universidad Complutense de Madrid)


The Banco Español de Crédito (Banesto) was founded by the big French bank Paribas in 1902. In the first decades of 20th century, economic nationalism increased in Spain, as the bad relationship between Spanish and French directors of Banesto reflected. Finally, in 1927, during Primo de Rivera’s dictatorship, the bank became to be completely controlled by the national capital. Using new archival sources, this work identifies the main conflicting issues between Spaniards and foreigners. It contributes also to the debate in economic history on the relationship between political power and business elites in King Alfonso XIII’s Spain. KEY Classification-JEL: N23, N24, N83, N84

Suggested Citation

  • José Luis García Ruiz, 2007. "Nacionalizando el capital bancario: Banesto y Paribas (1902-1927)," Investigaciones de Historia Económica (IHE) Journal of the Spanish Economic History Association, Asociacion Espa–ola de Historia Economica, vol. 9, pages 79-108.
  • Handle: RePEc:ahe:invest:v:9:y:2007:p:79-108

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    More about this item


    Banking; Business History; Foreign Capital; Economic Nationalism; Spain;

    JEL classification:

    • N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
    • N24 - Economic History - - Financial Markets and Institutions - - - Europe: 1913-
    • N83 - Economic History - - Micro-Business History - - - Europe: Pre-1913
    • N84 - Economic History - - Micro-Business History - - - Europe: 1913-


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