Mariano Rubio

Rubio was born in Burgos on 14 November 1931.{{cite web|title=Mariano Rubio|publisher=Biografías y Vidas|access-date=10 December 2021|url=https://www.biografiasyvidas.com/biografia/r/rubio_mariano.htm|archive-date=29 December 2018|language=es|archive-url=https://web.archive.org/web/20181229173453/https://www.biografiasyvidas.com/biografia/r/rubio_mariano.htm}} He studied law, but he did not complete his studies. He later graduated from the University of Madrid receiving a bachelor's degree in economics. During his undergraduate studies he was part of the University Socialist Association and arrested due to his anti-Francoist activities.

Following his release from the prison Rubio left Spain for Paris where he worked at the Organization for Economic Cooperation and Development. He returned to Spain in 1963 and began to work at the treasury. In 1965 he was appointed deputy director of the research department of the Bank of Spain.{{cite journal|author=José L. García-Ruiz|title=The rise and decline of the research departments in Spanish financial institutions, 1930-2015|journal=History of Economic Ideas|date=January 2017|volume=25|issue=2

|doi=10.19272/201706102006}} Ángel Madroñero, the head of the department, was instrumental in his appointment.

Rubio became general director of financial policy department of the ministry of finance in 1970 and remained in the office until his resignation in 1972. Next year he was named as the head of Enagás company. Between 1977 and 1984 he was deputy governor of the Bank of Spain.{{cite book|editor1=Edward L. Glaeser|editor1-link=Edward Glaeser|editor2=Tano Santos|editor3=E. Glen Weyl|editor3-link=Glen Weyl

|title=After the Flood: How the Great Recession Changed Economic Thought|year=2017|publisher=University of Chicago Press|location=Chicago

|chapter-url=https://doi.org/10.7208/9780226443683|chapter=Antes del Diluvio: The Spanish Banking System in the First Decade of the Euro

|isbn=9780226443546|author=Tano Santos|doi=10.7208/chicago/9780226443683.001.0001}} He succeeded J. R. Álvarez Rendueles as governor of the bank in July 1984.{{cite news|title=El ex gobernador del Banco de España Mariano Rubio ha muerto|work=El Mundo|url=https://www.elmundo.es/elmundo/1999/octubre/04/economia/rubio.html|access-date=11 December 2021|date=4 October 1999|archive-url=https://web.archive.org/web/20201028002132/https://www.elmundo.es/elmundo/1999/octubre/04/economia/rubio.html|archive-date=28 October 2020|location=Madrid|language=es}} Rubio's appointment was supported by the Economy Minister Carlos Solchaga. Rubio had to resign from the office in July 1992 due to his involvement in a scandal known as Ibercorp case{{cite book|author=Ian Cram|title=A Virtue Less Cloistered: Courts, Speech and Constitutions|year=2002

|publisher=Hart Publishing|isbn=978-1-84113-038-5|page=188|location=Oxford; Portland, OR|url=https://books.google.com/books?id=xEXRAShkVtcC&pg=PA188}} and was replaced by Luis Angel Rojo in the post. Rubio was accused of employing some confidential information to gain dividends in the stock market and of falsifying official documents.{{cite magazine |author=Janice Valls-Russell|title=Spain in a sea of scandals: challenging the Socialists|magazine=The New Leader|date=4 July 1994|volume=77 |issue=7|url=https://link.gale.com/apps/doc/A15823248/GPS?u=wikipedia&sid=bookmark-GPS&xid=01d0b83f}}

During his tenure as governor of the bank Spanish credit market was radically transformed and became much more liberal than the previous periods.

Following the Ibercorp case Carlos Solchaga resigned from the office.{{cite journal|volume=21|author=Fernando Jiménez|year=1998

|title=Political scandals and political responsibility in democratic Spain|doi=10.1080/01402389808425272|journal=West European Politics

|issue=4|pages=84,97}} Miguel Boyer also implicated in the case, and both Boyer and Rubio in addition to others, including their wives, were taken to the court.{{cite news|title=Spain's Insiders in Insider Scandal|work=The New York Times|date=23 May 1992|access-date=10 December 2021|url=https://www.nytimes.com/1992/05/23/business/spain-s-insiders-in-insider-scandal.html}} Rubio arrested and jailed due to his involvement in the scandal in 1994.{{cite book|author=Hayley Rabanal|location=New York|title=Belén Gopegui: The Pursuit of Solidarity in Post-transition Spain|url=https://books.google.com/books?id=huSzF6KsjXcC&pg=PA85|year=2011|publisher=Tamesis|isbn=978-1-85566-233-9|page=85}}{{cite news|author=Jose Yoldi|title=Rubio, Preysler y Boyer, inculpados por el 'caso Ibercorp'|access-date=10 December 2021

|url=https://elpais.com/diario/1994/05/06/espana/768175213_850215.html|work=El País|date=5 May 1994|archive-date=5 November 2015|language=es

|archive-url=https://web.archive.org/web/20151105104934/https://elpais.com/diario/1994/05/06/espana/768175213_850215.html}}

Rubio married twice. He first married Isabel Azcárate. His second wife was Uruguay-born author Carmen Posadas with who he wed in January 1988.{{cite news|author=Maite Nieto|title=Carmen Posadas, la mujer que exorcizó sus fantasmas con la escritura

|url=https://elpais.com/gente/2020-11-26/carmen-posadas-la-mujer-que-exorcizo-sus-fantasmas-con-la-escritura.html|access-date=11 December 2021

|work=El Pais|date=26 November 2020|language=es}}{{cite news|author=J. Madrid|title=Mariano Rubio y Carmen Posadas, la historia de amor que unió finanzas y cuore|url=https://www.vanitatis.elconfidencial.com/famosos/2019-10-04/mariano-rubio-muerte-aniversario_2267436/|access-date=11 December 2021|work=Vanitatis|date=4 October 2019|language=es}} He died of colon cancer in Madrid on 4 October 1999.

• Delors Committee

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Category:20th-century Spanish economists

Category:1931 births

Category:1999 deaths

Category:Deaths from colorectal cancer in Spain

Category:Governors of the Bank of Spain

Category:Spanish prisoners and detainees

Category:People from Burgos