ABSTRACT
Countries differ with respect to their financial structure (for example, level of diversification, types of financial instruments), modes of operation and relative size of the financial market. We can expect the differences in development to be reflected in this financial structure (Goldsmith 1969). It is the main task of this chapter, first, to describe the main characteristics of the Spanish financial sys tem from the end of the Civil War to the mid-1970s and, second, to explore the main differences that exist between the Spanish financial sector and other coun tries.
