the past centuries from the traditional interventions of a lender-of-last-resort, suspensions of convertibility, and bank …

In the last eight centuries there have been hundreds of banking crises throughout the entire planet. Spain has not been … jeopardized the stability of the whole financial structure. This paper examines two of the most severe banking crises of Spain …. The 1866 crisis, one of the most severe of contemporary Spain, wiped out half of the banks and credit companies. The …