Summary - TST 34

TRANSPORTES, SERVICIOS Y TELECOMUNICACIONES


TST 34

Marc GALABERT MACIÀ

The life-cycle of the Andorran banking cluster, 1930-2007


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[ Abstract ]

This paper focuses on the origins and development of the Andorran banking cluster from a quantitative perspective. Drawing on a new dataset –the financial figures of Crèdit Andorrà between 1957 and 1990– this research presents, for the first time, an estimate of the total deposits held by Andorran banks between 1931 and 2007. This new contribution enables the analysis of the cluster’s life-cycle as well as the role of the different firms in the cluster’s configuration. At the same time, the bank deposit to GDP ratio permits an explorative analysis of the banking specialization reached by Andorra during the second half of the 20th century.