Advertisement

The Modernization of the National Bank of Sweden: The Riksbank

  • Anders Ögren
Part of the Palgrave Macmillan Studies in Banking and Financial Institutions book series (SBFI)

Abstract

A central bank is usually defined by its functions: responsible for the nation’s currency as the issuer of base money, the bank of the state, the bankers’ bank and responsible for lender of last resort (and in addition to this, the central bank is sometimes also defined as the supervising authority of the banking/financial system).

Keywords

Monetary Policy Central Bank Banking System Commercial Bank Saving Bank 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Bagehot, W. (1866) “What a panic is and how it might be mitigated” in Collins, M. (Ed.) Central Banking in History, Vol. 1, Edward Elgar, Cambridge, U.K.Google Scholar
  2. Bagehot, W. (1916) “Lombard Street” in Collins, M. (Ed) Central Banking in History, Vol. 1, Edward Elgar, Cambridge, U.K.Google Scholar
  3. Brisman, S. (1931) “Den stora reformperioden 1860–1904” in Sveriges Riksbank 1668–1924–1931. Bankens tillkomst och verksamhet, part IV. Sveriges Riksbank.Google Scholar
  4. Norstedts. Stockholm, Sweden. Chang, R. & Velasco, A. (1998) “Financial Crises in Emerging Markets: A Canonical Mode” NBER Working Paper no. 6606.Google Scholar
  5. Engdahl, T. & Ögren, A. (2008) “Multiple paper monies in Sweden, 1789–1903: Substitution or complementarity?” Financial History Review, 15:1, pp. 73–91.CrossRefGoogle Scholar
  6. Freger, K. & Jonung, L. (1996) “Inflation and switches between specie and paper standard in Sweden 1668–1931: A public finance interpretation” Scottish Journal of Political Economy 43, pp. 444–467.CrossRefGoogle Scholar
  7. Gasslander, O. (1962) History of Stockholm Enskilda Bank to 1914. Esselte AB. Stockholm, Sweden.Google Scholar
  8. Hagberg, A. (2007) Bankkrishantering Doctoral thesis. Stockholm School of Economics.Google Scholar
  9. Hildebrand, K. (1934) “Riksgäldskontoret 1789–1934” in Montgomery, A. & Simonsson, K. G. (Eds.) Sveriges riksdag: historisk och statsvetenskaplig framställning. Bd 13, Riksdagen och Riksbanken efter 1809 Sveriges Riksdag, Stockholm.Google Scholar
  10. Jonung, L. (1989) “The Economics of Private Money. Private Bank Notes in Sweden 1831–1902.” Unpublished Research Report. Stockholm School of Economics.Google Scholar
  11. Lindahl, E., Dahlgren, E. & Kock, K. (1937) National Income of Sweden 1861–1930. Part II. Norstedt. Stockholm, Sweden.Google Scholar
  12. McKinnon, R. I. (1993) “The Rules of the Game: International Money in Historical Perspective” Journal of Economic Literature 31, pp. 1–44.Google Scholar
  13. Nilsson, G. B. (1989) André Oscar Wallenberg. II. Gyllene tider 1856–1866. Norstedts. Stockholm, Sweden.Google Scholar
  14. Ögren, A. (1995) “Riksbankens penningpolitik: Kreditförsörjning och prisstabilitet 1869–1881” Uppsala Papers in Financial History, no. 6.Google Scholar
  15. Ögren, A. (2003) Empirical studies in money, credit and banking: the Swedish credit market in transition under the silver and gold standards, 1834–1913. Doctoral thesis Stockholm School of Economics. 283 pp. ISBN 91–7258–616–8.Google Scholar
  16. Ögren, A. (2006) “Free or central banking? Liquidity and financial deepening in Sweden, 1834–1913.” Explorations in Economic History, 43:1, pp. 64–93.CrossRefGoogle Scholar
  17. Ögren, A. (2007) “Lender of last resort in a peripheral economy with a fixed exchange rate: Financial crises and monetary policy in Sweden under the silver and gold standards, 1834–1913” in Cottrell, P., et al, (Eds.) Centers and Peripheries in Banking: The Historical Development of Financial Markets. Ashgate pp. 225–252.Google Scholar
  18. Ögren, A. (2008:1) “sweden’ Monetary Internationalization under the Silver and Gold Standards, 1834–1913” Working Paper Universite de Paris X —Nanterre/ EconomiX 2008:7.Google Scholar
  19. Ögren, A. (2008:2) “The Rationale of Private Note Issuance: Note Issuing Commercial Banks in the Economic and Financial Development of Nineteenth Century Sweden” Working Paper Université de Paris X — Nanterre/EconomiX 2008:8.Google Scholar
  20. Ögren, A. (2009) “Financial revolution and economic modernisation in Sweden” Financial History Review, 16:1, pp. 47–71.CrossRefGoogle Scholar
  21. Øksendal, L-F (2006) “The Norwegian debate on the gold standard and monetary integration in the 1870s” Scandinavian Economic History Review, 54:2, pp. 187–213.CrossRefGoogle Scholar
  22. Post & Inrikes Tidning [Official Swedish Gazette]: 1835–1871 RBFP — Riksbanken Fullmäktige Protokoll 1855–1881. Vol No 149–175 [Minutes of the Board of the Riksbank]. Sammandrag af Bankernas Uppgifter [Summary of Bank Reports]: 1871–1911.Google Scholar
  23. Schön, L. (1989:1) “vensk statsskuldspolitik genom tvåhundra år” in Dahmén, E. (Ed.) Upplåning och utveckling. Riksgäldskontoret 1789–1989. Norstedts, Stockholm, Sweden.Google Scholar
  24. Schuler, K. (1992) “The world history of free banking” in Dowd, K. (Ed.) The experience of free banking. Routledge. London, U.K.Google Scholar
  25. Soderlund, E. (1964) Skandinaviska banken 1864–1914. Esselte. Stockholm, Sweden.Google Scholar
  26. Sveriges Riksbank (1931) “tatistiska tabeller” [Statistical tables] in Sveriges Riksbank 1668–1924. Bankens tillkomst och verksamhet. Part V. Norstedts. Stockholm, Sweden.Google Scholar

Copyright information

© Anders Ögren 2010

Authors and Affiliations

  • Anders Ögren

There are no affiliations available

Personalised recommendations