IDEAS home Printed from https://ideas.repec.org/a/oup/ereveh/v23y2019i2p175-192..html
   My bibliography  Save this article

Understanding Spanish financial crises severity, 1850–2015

Author

Listed:
  • Concha Betrán
  • Maria A Pons

Abstract

Although many factors impinge upon financial crises, their depth and macroeconomic impact have varied throughout history. What might explain the reasons for these differences? This article examines the main factors behind the severity of Spanish financial crises over the last 165 years. We complete an in-depth analysis of all types of crises (banking, currency, stock market, and debt) considering a long-term series of external imbalances (with an estimation of the current account balance for the period 1914–1930). Using modern methods of statistical analysis (local projections), we find that current account is a key variable in determining the severity of Spain’s financial crises.

Suggested Citation

  • Concha Betrán & Maria A Pons, 2019. "Understanding Spanish financial crises severity, 1850–2015," European Review of Economic History, European Historical Economics Society, vol. 23(2), pages 175-192.
    • Handle: RePEc:oup:ereveh:v:23:y:2019:i:2:p:175-192.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/ereh/hey008
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:ereveh:v:23:y:2019:i:2:p:175-192.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://academic.oup.com/ereh .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.