Matches in SemOpenAlex for { <https://semopenalex.org/work/W2992951229> ?p ?o ?g. }
Showing items 1 to 75 of
75
with 100 items per page.
- W2992951229 abstract "This thesis contributes to the historiography of the Gold Standard and the Great Depression by addressing the performance of the Spanish financial sector during the period 1921-1935. Spanish policymakers' options were very limited to respond to the shocks that hit the country during that period. Spain experienced a severe economic contraction during the 1930s, especially during 1931, when depositors ran on banks and the exchange rate continued to deteriorate rapidly. My argument is in contrast with the traditional account that depicts Spain as having escaped the Great Depression because its currency was not convertible to gold and because it did not experience widespread or large bank failures. I argue that exchange rate depreciation did not add to banking stability, but actually transformed the 1931 banking crisis into a twin crisis, a common feature of both the Interwar Period and the more recent emerging market financial crises. Moreover, the sharp drop in asset prices added pressure to bank balance sheets, when liabilities were already under stress. The thesis has four substantive chapters. First, I document the conflicting goals that appeared between the monetization of public debt by the banking sector and the stabilization of the exchange rate between 1928 and 1931, when the Spanish peseta depreciated rapidly. Second, I show that this depreciation limited monetary policy options when depositors ran on banks in the spring of 1931. Bank loans contracted severely due to the limitations on how much emergency liquidity could be provided, thus helping to understand the collapse in private investment that the country experienced. Third, I analyse the reasons and the consequences of the allocation of emergency liquidity at the bank-level. In the last chapter I provide a novel explanation for why Spain did not see widespread bank failures during the Great Depression, in contrast to other countries." @default.
- W2992951229 created "2019-12-13" @default.
- W2992951229 creator A5076796266 @default.
- W2992951229 date "2019-05-01" @default.
- W2992951229 modified "2023-09-24" @default.
- W2992951229 title "“Escaping” the Great Depression: monetary policy, financial crises and banking in Spain, 1921-1935" @default.
- W2992951229 hasPublicationYear "2019" @default.
- W2992951229 type Work @default.
- W2992951229 sameAs 2992951229 @default.
- W2992951229 citedByCount "0" @default.
- W2992951229 crossrefType "dissertation" @default.
- W2992951229 hasAuthorship W2992951229A5076796266 @default.
- W2992951229 hasConcept C10138342 @default.
- W2992951229 hasConcept C120527767 @default.
- W2992951229 hasConcept C126285488 @default.
- W2992951229 hasConcept C139719470 @default.
- W2992951229 hasConcept C141121606 @default.
- W2992951229 hasConcept C144133560 @default.
- W2992951229 hasConcept C162324750 @default.
- W2992951229 hasConcept C175025494 @default.
- W2992951229 hasConcept C17744445 @default.
- W2992951229 hasConcept C183206440 @default.
- W2992951229 hasConcept C183582576 @default.
- W2992951229 hasConcept C199539241 @default.
- W2992951229 hasConcept C2776988154 @default.
- W2992951229 hasConcept C2778300220 @default.
- W2992951229 hasConcept C2780602052 @default.
- W2992951229 hasConcept C552438157 @default.
- W2992951229 hasConcept C556758197 @default.
- W2992951229 hasConcept C73283319 @default.
- W2992951229 hasConceptScore W2992951229C10138342 @default.
- W2992951229 hasConceptScore W2992951229C120527767 @default.
- W2992951229 hasConceptScore W2992951229C126285488 @default.
- W2992951229 hasConceptScore W2992951229C139719470 @default.
- W2992951229 hasConceptScore W2992951229C141121606 @default.
- W2992951229 hasConceptScore W2992951229C144133560 @default.
- W2992951229 hasConceptScore W2992951229C162324750 @default.
- W2992951229 hasConceptScore W2992951229C175025494 @default.
- W2992951229 hasConceptScore W2992951229C17744445 @default.
- W2992951229 hasConceptScore W2992951229C183206440 @default.
- W2992951229 hasConceptScore W2992951229C183582576 @default.
- W2992951229 hasConceptScore W2992951229C199539241 @default.
- W2992951229 hasConceptScore W2992951229C2776988154 @default.
- W2992951229 hasConceptScore W2992951229C2778300220 @default.
- W2992951229 hasConceptScore W2992951229C2780602052 @default.
- W2992951229 hasConceptScore W2992951229C552438157 @default.
- W2992951229 hasConceptScore W2992951229C556758197 @default.
- W2992951229 hasConceptScore W2992951229C73283319 @default.
- W2992951229 hasLocation W29929512291 @default.
- W2992951229 hasOpenAccess W2992951229 @default.
- W2992951229 hasPrimaryLocation W29929512291 @default.
- W2992951229 hasRelatedWork W1499450536 @default.
- W2992951229 hasRelatedWork W155024576 @default.
- W2992951229 hasRelatedWork W1566886821 @default.
- W2992951229 hasRelatedWork W1805579308 @default.
- W2992951229 hasRelatedWork W1909658357 @default.
- W2992951229 hasRelatedWork W1998681109 @default.
- W2992951229 hasRelatedWork W2013892030 @default.
- W2992951229 hasRelatedWork W2069817567 @default.
- W2992951229 hasRelatedWork W2124335092 @default.
- W2992951229 hasRelatedWork W2140559437 @default.
- W2992951229 hasRelatedWork W2166804127 @default.
- W2992951229 hasRelatedWork W2198683039 @default.
- W2992951229 hasRelatedWork W2504691185 @default.
- W2992951229 hasRelatedWork W2559497864 @default.
- W2992951229 hasRelatedWork W2885348579 @default.
- W2992951229 hasRelatedWork W3122574675 @default.
- W2992951229 hasRelatedWork W3131235669 @default.
- W2992951229 hasRelatedWork W3140427824 @default.
- W2992951229 hasRelatedWork W3213587919 @default.
- W2992951229 hasRelatedWork W1900877885 @default.
- W2992951229 isParatext "false" @default.
- W2992951229 isRetracted "false" @default.
- W2992951229 magId "2992951229" @default.
- W2992951229 workType "dissertation" @default.