Los derivados financieros especulativos una herramienta que profundizó la crisis económica Española

Abstract

The Spanish economy is submerged in a structural economic crisis, in which it is still submerged. This cyclical process has been a situation that arose as a result of several factors; starting with uncontrolled monetary stimulus measures, causing a chain reaction that stalled one of the most promising economies in Europe. With the mortgage bubble that was brewing in the Spanish economy since 2000, the financial markets sought to increase profits by creating speculative financial derivatives3 tied to mortgage loans that did not have the necessary guarantees for their payment; including the entire financial circuit, seeking to increase profits for the powerful Spanish financial groups; who from then on had great resources to leverage their activity beyond the limits of the nation's economic stability. The complexity of the derivatives market limited investors to adequately know the operation of this financial product, which are capable of providing hedging, eliminating risks and planning capital flows; Likewise, through the use of underlying assets to be able to take advantage of the variations in their prices to have a large amount of gains or losses, using for or against the fluctuations that each one of them presents in a given period of time. In Spain, they ignored the warning signs that were destabilizing the market, largely ignored by their leaders' search for political gain, taking advantage of the growth period for their usual propaganda.