Lecture notes
Characteristics of the Spanish financial system
- Module
- Institution
Apuntes sobre the characteristics of the Spanish financial system
[Show more]
Seller
Follow
WiamAB13
Content preview
Characteristics of the Spanish financial systemThe Spanish financial system has undergone very important changes in the last 30 years.
1. The great growth of financial activity, financial assets account for
(700% of GDP). This is due to the great economic development of our
economy, to the opening to the outside that makes resources come
from abroad and this is very important, and the modernization of the
financial system.
2. The remarkable development of the financial markets, our model is
important, but in these 30 years the importance of the financial
markets has grown a lot. In such a way that currently marketable
securities account for 42% of our economy. They have reduced their
importance to loans from 39% to 25% and have grown above all
assets linked to the markets, which are shares, bonds, funds, etc. This
great growth of the financial markets is due to several reasons:
sophistication of the monetary policy of the countries, the need to look
for sources of financing alternative to the traditional ones and also that
they are cheaper, the need that the public sector has for resources, the
greater financial culture that people have and the negotiation part itself
that people are beginning to have.
This expansion of markets has in turn fueled the development of non-bank financial
intermediaries. 3 modalities:
1. Investment
2. funds Pension funds
3. Insurance companies
These three modalities are what have promoted the role of the markets. This has
occurred in all countries and has generated large and important movements of capital
at the international level. This growth of the markets (of non-bank intermediaries) has
been associated with several reasons:
1. The saver has better training and seeks professionalized management
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller WiamAB13. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.01. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73918 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now