English Abstract: Argentina is once again seeking to restructure its external debt. To facilitate this process, the country is proposing to use the state-of-the-art collective action clause that was included in the bonds Argentina started issuing in the Spring of 2016. When it uncloaked its...

The international financial system (IFS) has undergone a series of financial crises over the past decade. This paper analyzes the shortcomings of said system (that have contributed to the crises) and, with them in mind, reviews and evaluates the IFS refor

Analizamos las calificaciones de deuda soberana a partir de modelos logit para una muestra de 53 países entre 2000 y 2010. Dado que la literatura sobre el tema omite un tratamiento diferencial para variables explicativas no estacionarias incorporamos un factor de tendencia que interactúa con...

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:...

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...

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...

Spanish Abstract:"Hambruna y Finanzas" (Famine and Finance) de Tyler Goodspeed evalúa el rol de los servicios de microfinanzas ante un desastre natural general, la gran hambruna irlandesa. El acceso a financiamiento jugó un rol importante en disminuir el hambre y la enfermedad, pero no estuvo...

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...

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...

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...