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.
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