In this paper we study the possible effect it may have concerning the use of financial derivatives in the evolution of the share price of Mexican non-financial corporations, whether such contracts are used for hedging financial risks or for trading. The first part is a review of the literature...

Spanish Abstract: El descenso de la Bolsa en España (ITBM) en el mes de marzo (hasta el viernes 27) ha sido un 22,9%. Es un importante descenso, pero los ha habido (de momento) mayores. Observando la evolución bursátil de los últimos 80 años, se corrobora que la bolsa española ya ha tenido...

It is broadly acknowledged that micro-credit origin is related to Grameen Bank in Bangladesh. However, there are early experiences in previous centuries that resemble micro-credit, both in developing and developed countries, Spain included. The paper revises those experiences, their similarities...

Authoritarian Monarchies in the Early Modern period have been considered as a keystone of the outset of the market economy in Europe. However, as a result of their own need of coexistence with other power institutions, it has to be taken into account that those monarchies implied the survival of...

Studies of Spanish cooperatives locate their spread from the Law on Agrarian Syndicates of 1906. But the first legislative appearance of cooperatives is an 1869 measure that permitted general incorporation for lending companies. The 1931 general law on cooperatives, which was the first measure...

In a country with a low endowment of capital resources, like Spain, should be very important to know the regional financial flows to explain the growth at that level. In this work, we try to study the effects of the regional distribution of deposits and credits in the Spanish financial system...

The fundamental objective of this paper is to show the evolution of the agricultural credit co-operative movement in Spain during the first third of the XX century, when this finance alternative emerged and took shape, based on producer association. With this motive, we analyse aspects such as:...

The role of the state in nineteenth-century Spanish economy has been very controversial and has generally received negative judgments. This article tries to evaluate the intervention in the regulation of rice cultivation. Justified against malaria, this regulation encountered great difficulties...

In the last eight centuries there have been hundreds of banking crises throughout the entire planet. Spain has not been an exception and our history is plagued with numerous financial disasters in which the collapse of one institution has jeopardized the stability of the whole financial...