Welcome!

I'm Nicolás Varela García, PhD (Permanently halfway Done) candidate in Economic History at the Universidad Carlos III de Madrid. After 6 fantastic years at Madrid, I found a second home in Paris while visiting the Histoire économique et sociale group at Paris School of Economics - École d'économie de Paris.

My research focuses on the political economy of Spanish monetary policy during the Francoist dictatorship. In my thesis I:

1. Map the power distribution among de iure and de facto policymakers in the monetary policy decision-making process by making use of the narrative analysis of internal documentation.
2. Assess the monetary policy transmission mechanism thorugh the retrieval and econometric analysis of coetaneous indicators of monetary policy and the interbank market.
3. Evaluate the differential benefits experienced by the banking system derived from their unequal operational scales and connections to the regime.