Oligopolio y competencia en la banca española del siglo XX: concentración económica y movilidad intra-industrial, 1922–1995*

Javier Pueyo Sánchez

Revista de Historia Económica / Journal of Iberian and Latin American Economic History, 2003, vol. 21, issue 1, 147-195

Abstract: Spanish banking has been considered as an industry ruled by oligopolistic conducts. It has been even dealt as a cartel, which has been able to keep along xx century with the support of the State. This paper checks this interpretation with the aid of a set of indexes of the degree of competitori in a market: an annual series of economic concentration and another one of intra-industrial turnover, as well as some proxi figures of the height of the barriers to entry. Doubts about the thesis of the banking cartelization are yielded by our results. To be precise, the competitive nature of the Spanish banking industry is defended, at least for the time before the civil war, and it is questioned that big banks emerged unharmed from the statu quo declared by Franco's goverments.

Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:cup:reveco:v:21:y:2003:i:01:p:147-195_01

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