ABSTRACT

In this chapter I will discuss the main characteristics of the Spanish economy during the Franco regime. The purpose is, first, to explain the economic environment of the banking system at that time and then second, to analyse the main basis of the economic programme of the regime. To understand the role of the Spanish banks it is necessary to consider two factors: the first is the evolu­ tion of the Spanish economy in this period and the second factor is the economic policy of the regime.