The impact that the francoist autarkic economic policy had on the Spanish economy is assessed using the Domestic Resource Cost (DRC) as an indicator. This indicator compares the real opportunity cost of the primary factors used in the production of a certain good with its aggregated value at...

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This study examines whether the transition from a system of multiple issuing banks to a monopoly on currency issuance was a step in the Bank of Spain's becoming a central bank in the true sense of the word (a non-profit-maximizing institution); or on the contrary, whether the Bank used its...