Bolsa en España. ITBM: 1940-2020 (27marzo), (Spanish Stock Exchange. ITBM. 1940-27 March 2020)

8 Pages Posted: 30 Mar 2020

See all articles by Pablo Fernandez

Pablo Fernandez

IESE Business School

Eduardo de Apellániz

Instituto de Estudos Sociais e Economicos (IESE)

Date Written: March 28, 2020

Abstract

Spanish Abstract: El descenso de la Bolsa en España (ITBM) en el mes de marzo (hasta el viernes 27) ha sido un 22,9%. Es un importante descenso, pero los ha habido (de momento) mayores. Observando la evolución bursátil de los últimos 80 años, se corrobora que la bolsa española ya ha tenido descensos muy superiores a los del mes de marzo de 2020.
Se muestra la evolución del ITBM desde 1940 hasta el 27 de marzo de 2020. Se utiliza el Índice Total de la Bolsa de Madrid (ITBM) porque el IBEX 35 sólo tiene 31 años de historia. Se muestra que la evolución del ITBM y del IBEX 35 con dividendos es prácticamente igual.

English Abstract: The decrease in the Spanish Stock Market (ITBM) in the month of March (until Friday 27) has been 22.9%. It is a significant decline, but there have been (so far) greater. Observing the stock market evolution of the last 80 years, it is corroborated that the Spanish stock market has already had declines much higher than those of March 2020. The evolution of the ITBM from 1940 to March 27, 2020 is shown.

The Total Index of the Madrid Stock Exchange (ITBM) is used because the IBEX 35 has only 31 years of history. The evolution of the ITBM and the IBEX 35 with dividends is shown to be practically the same.

Note: Downloadable document is in Spanish.

Keywords: ITBM, IBEX 35, 2020 crisis, coronavirus, descenso de cotizaciones

JEL Classification: G12, G31, G32

Suggested Citation

Fernandez, Pablo and de Apellániz, Eduardo, Bolsa en España. ITBM: 1940-2020 (27marzo), (Spanish Stock Exchange. ITBM. 1940-27 March 2020) (March 28, 2020). IESE Business School Working Paper No. WP-1243, Available at SSRN: https://ssrn.com/abstract=3562943 or http://dx.doi.org/10.2139/ssrn.3562943

Pablo Fernandez (Contact Author)

IESE Business School ( email )

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HOME PAGE: http://web.iese.edu/PabloFernandez/

Eduardo De Apellániz

Instituto de Estudos Sociais e Economicos (IESE)

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