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Histories of Global Latin Capitalisms (H-GLACIAL)

Group head:
Antonio Tena Junguito, Stefano Battilossi


The research group H-GLACIAL promotes research on the historical development of capitalist institutions in Latin countries in Europe and the Americas and their international integration in the global economy over the 19th and 20th centuries. 

Lines of research

a) The comparative development of financial and business systems:

  • the historical development of stock exchanges, capital markets and different typologies of financial intermediaries;
  • the measurement of different dimensions of financial development, including the access to and the use of financial services by households and small-and-medium enterprises;
  • the interlocks between the financial sector, the corporate economy and the political system;
  • the regulation of business systems and the design and implementation of industrial policies;
  • corporate governance, ownership structures and the market for corporate control;
  • the evolution of commercial legislation and the protection and implementation of shareholders and debtor property rights;
  • the relationship between the financial sector, monetary management, government finance and tax systems;
  • the accumulation and distribution of financial wealth and more generally the historical dynamics of inequality.


b) Latin capitalisms as actors of globalization:

  • colonial relationships and their institutional and economic legacies.
  • the role of factor endowments and natural resources
  • trade and globalization factors driving inequality dynamics in Latin peripheries
  • industrialization and comparative advantage opportunities in foreign markets
  • the political economy of trade policies, regional trade agreements and commercial trade networks;
  • the substitution or complementarity between trade, Foreign Direct Investment and other capital flows;
  • patterns, determinants and impact of migration flows;
  • International debts, balance of payments and exchange rate policies. 




Contact email:


  • Absell, Christopher David
  • Ayuso Díaz, Alejandro
  • Battilossi, Stefano
  • Bértola Flores, Luis
  • Fernández García, Eva
  • Flores Zendejas, Juan H.
  • Gómez Blanco, Víctor Manuel
  • Houpt, Stefan
  • Juif, Dácil Tania
  • Lampe, Markus
  • Martínez Ruiz, Elena
  • Nicolini Alessi, Esteban Alberto
  • Nogués Marco, Pilar
  • Restrepo Estrada, María Isabel
  • Tena Junguito, Antonio
  • Ver más
  • Travieso Barrios, Emiliano
  • Treccani, Ester
  • Varela García, Nicolás
  • Willebald Remedios, Henry
  • Ver menos
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