Bank of Barcelona’s credit policy between 1844 and 1856: ¿prudent or procyclical?

Authors

  • Yolanda Blasco Martel Universitat de Barcelona
  • Pilar Nogués Marco Sciences-Po de París

DOI:

https://doi.org/10.1344/rhi.v16i34.19807

Keywords:

XIXth Century Catalan Banking, Bank of Barcelona, Credit Policy, Economic Cycle

Abstract

The paper analyses the Bank of Barcelona’s credit policy in mid 19th century. Historiography has considered that the company’s activity during this period was prudent and conservative. Our aim is to compare the Bank of Barcelona’s credit policy with the evolution of the economic cycle. The risk-profitability analysis concludes that the Bank of Barcelona implemented a pro-cyclical credit policy in prosperity periods and a counter-cyclical credit policy in recession periods.

Downloads

Download data is not yet available.

Downloads

Published

2017-09-04

How to Cite

Blasco Martel, Yolanda, and Pilar Nogués Marco. 2017. “Bank of Barcelona’s Credit Policy Between 1844 and 1856: ¿prudent or Procyclical?”. Revista De Historia Industrial — Industrial History Review 16 (34):11-38. https://doi.org/10.1344/rhi.v16i34.19807.

Issue

Vol. 16 No. 34 (2007)

Section

Articles

License

The author assigns all rights to the publisher. Creative Commons

The author who publishes in this journal agrees to the following terms:

  1. The author assigns all intellectual property rights exclusively to the publisher for the entire duration of the applicable intellectual property rights.
  2. The publisher will distribute the texts under the  Creative Commons Attribution License, which allows others to share the work, provided that they acknowledge the authorship, its initial publication in this journal, and the conditions of the license.