Enrique Jorge‐sotelo
Biographic Data
| ID | 1207591 |
|---|---|
| NAME | Enrique Jorge‐sotelo |
| GIVEN NAMES | Enrique |
| FAMILY NAME | Jorge‐sotelo |
| SIGNATURE | SOTELO E J |
| AFFILIATIONS | Universitat de Barcelona |
| ORCID | 0000-0003-1130-7721 |
| VERIFIED | Yes |
| TOTAL WORKS | 5 |
| TOTAL CITATIONS | 0 |
| WORKS AS AUTHOR | 5 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2022 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 0 |
The central bank as safe haven
French money doctors in Spain
In 1929, Spain called upon the financial expertise of French “money doctors” in its attempts to stabilise the peseta. Charles Rist, ex-Deputy Governor of the Banque de France, and Pierre Quesnay, General Manager of the Bank for International Settlements, were consulted. Both supported stabilisation over revaluation. The differing advice related to the implementation of the stabilisation plans reflects the fundamental tensions in central banking t…
The 1920s bank lending boom in Spain
This paper investigates the causes of the bank lending boom of the late 1920s in Spain, during the last years of the Primo de Rivera Dictatorship. I focus on the role played by the fiscal and monetary policy framework resulting from the 1921 Banking Law, which shaped banks’ incentives to accumulate public debt and their access to Banco de España liquidity. I resort to a new database of bank-level quarterly balance sheets, which includes the unive…
Goodbye connections, hello Bagehot
Did democratization reduce the likelihood of politically connected bank bailouts in the past? What role did private central banks play as independent lenders of last resort? To answer these questions, this article provides new detailed archival evidence on the causes of bank failures in Spain in July 1931. We show how, on the back of a safety net provided by close connections to the Primo de Rivera dictatorship (1923-30), bankers embarked in a ra…
The Impact of the First World War on the Spanish Money Market
This paper provides a new index of money market and bank lending interest rates in Spain for 1900–1935. New archival evidence reveals a structural change in market interest rates vis-à-vis the official rates charged by the Banco de España (BdE). Before 1914, the BdE rate operated as a ceiling to market rates. The outbreak of the First World War caused market rates to soar and the BdE rate started operating as a floor, as bank liquidity started de…
No prominent works on this page.
The Impact of the First World War on the Spanish Money Market
This paper provides a new index of money market and bank lending interest rates in Spain for 1900–1935. New archival evidence reveals a structural change in market interest rates vis-à-vis the official rates charged by the Banco de España (BdE). Before 1914, the BdE rate operated as a ceiling to market rates. The outbreak of the First World War caused market rates to soar and the BdE rate started operating as a floor, as bank liquidity started de…
Goodbye connections, hello Bagehot
Did democratization reduce the likelihood of politically connected bank bailouts in the past? What role did private central banks play as independent lenders of last resort? To answer these questions, this article provides new detailed archival evidence on the causes of bank failures in Spain in July 1931. We show how, on the back of a safety net provided by close connections to the Primo de Rivera dictatorship (1923-30), bankers embarked in a ra…
The central bank as safe haven
French money doctors in Spain
In 1929, Spain called upon the financial expertise of French “money doctors” in its attempts to stabilise the peseta. Charles Rist, ex-Deputy Governor of the Banque de France, and Pierre Quesnay, General Manager of the Bank for International Settlements, were consulted. Both supported stabilisation over revaluation. The differing advice related to the implementation of the stabilisation plans reflects the fundamental tensions in central banking t…
The 1920s bank lending boom in Spain
This paper investigates the causes of the bank lending boom of the late 1920s in Spain, during the last years of the Primo de Rivera Dictatorship. I focus on the role played by the fiscal and monetary policy framework resulting from the 1921 Banking Law, which shaped banks’ incentives to accumulate public debt and their access to Banco de España liquidity. I resort to a new database of bank-level quarterly balance sheets, which includes the unive…
Monetary policy (4 works) · Historical Economic and Social Studies (3 works) · Central bank (2 works) · Democratization (2 works) · Economics (2 works) · Financial system (2 works) · Historical and socio-economic studies of Spain and related regions (2 works) · Interest rate (2 works) · Lender of last resort (2 works) · Market liquidity (2 works)