Source: Authors’ elaboration with data from Eurostat.

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Source: Authors’ elaboration with data from Eurostat. From: Wheels within wheels within wheels: the importance of capital inflows in the origin of the Spanish financial crisis Cambridge J Econ. Published online July 07, 2017. doi:10.1093/cje/bex007 Cambridge J Econ | © The Author 2017. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.

Source: Authors’ elaboration with data from CPIS. From: Wheels within wheels within wheels: the importance of capital inflows in the origin of the Spanish financial crisis Cambridge J Econ. Published online July 07, 2017. doi:10.1093/cje/bex007 Cambridge J Econ | © The Author 2017. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.

Source: Authors’ elaboration with data from Eurostat. From: Wheels within wheels within wheels: the importance of capital inflows in the origin of the Spanish financial crisis Cambridge J Econ. Published online July 07, 2017. doi:10.1093/cje/bex007 Cambridge J Econ | © The Author 2017. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.

Source: Authors’ elaboration with data from CPIS. From: Wheels within wheels within wheels: the importance of capital inflows in the origin of the Spanish financial crisis Cambridge J Econ. Published online July 07, 2017. doi:10.1093/cje/bex007 Cambridge J Econ | © The Author 2017. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.

Source: Authors’ elaboration with data from CPIS. From: Wheels within wheels within wheels: the importance of capital inflows in the origin of the Spanish financial crisis Cambridge J Econ. Published online July 07, 2017. doi:10.1093/cje/bex007 Cambridge J Econ | © The Author 2017. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.

Source: Authors’ elaboration with data from Eurostat. From: Wheels within wheels within wheels: the importance of capital inflows in the origin of the Spanish financial crisis Cambridge J Econ. Published online July 07, 2017. doi:10.1093/cje/bex007 Cambridge J Econ | © The Author 2017. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.

Source: Author’s elaboration with data from Eurostat. From: Wheels within wheels within wheels: the importance of capital inflows in the origin of the Spanish financial crisis Cambridge J Econ. Published online July 07, 2017. doi:10.1093/cje/bex007 Cambridge J Econ | © The Author 2017. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.

Source: Author’s elaboration with data from Eurostat. From: Wheels within wheels within wheels: the importance of capital inflows in the origin of the Spanish financial crisis Cambridge J Econ. Published online July 07, 2017. doi:10.1093/cje/bex007 Cambridge J Econ | © The Author 2017. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.

Source: Authors’ elaboration with data from CPIS. From: Wheels within wheels within wheels: the importance of capital inflows in the origin of the Spanish financial crisis Cambridge J Econ. Published online July 07, 2017. doi:10.1093/cje/bex007 Cambridge J Econ | © The Author 2017. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved.