Fig. 2: Trend and cycle components estimated for the three commercial banks (1918–1948). | Humanities and Social Sciences Communications

Fig. 2: Trend and cycle components estimated for the three commercial banks (1918–1948).

From: How did historical trends impact women’s involvement in financial markets? Evidence from women shareholders in Spain (1918-1948)

Fig. 2

a Trend and cyclical component of the percentage of women shareholders. Banco Coruña (1918-1922). b Trend and cyclical component of the percentage of women shareholders. Banco Hispano Americano (1922–1935). c Trend and cyclical component of the percentage of women shareholders. Banco Irún (1929–1935). d Trend and cyclical component of the percentage of women shareholders. Banco Irún (1941–1948). Source: Own database. Note: For Fig. 2a to d the X-axis represents years, the main Y-axis shows the cyclical component (deviations of the percentage of women shareholders from the smoothed trend), and the secondary Y-axis displays the smoothed trend of the percentage of women shareholders over time. Both Y-axes are measured in percentages.

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