A Monetary History of Norway, 1816-2016

Erscheinungsjahr 2016
ISBN: 978-1-107-15040-9
Verlag: Cambridge University Press

Buch, Englisch, 654 Seiten, Format (B × H): 157 mm x 235 mm, Gewicht: 1086 g

Reihe: Studies in Macroeconomic History

This book provides a broad overview of monetary developments in Norway over the past 200 years, using a rich variety of graphical illustrations based on a unique data set of historical monetary statistics, which will be documented and made available on the Norges Bank website (in English) at http://www.norges-bank.no/en. Throughout the book, Norway's monetary developments are anchored in a historical context and in the development of monetary thinking. Through their analysis of the historical data, the authors provide new insights and comparisons to other Scandinavian countries, along with an excellent examination of the development and character of the banking and financial system in Norway.

Autoren/Hrsg.

Eitrheim, Øyvind

Klovland, Jan Tore

Øksendal, Lars Fredrik

Inhaltsverzeichnis

Preface; 1. A monetary history in five parts; Part I. The Long Promise, 1814–50: 2. The Dano-Norwegian monetary system before 1816; 3. The thorny road to resumption, 1816–48; Part II. The Rise of Private Deposit Taking Banks, 1850–1914: 4. Newfound stability in times of crisis, 1848–70; 5. Volatility and stability in the time of gold, 1870–92; 6. Stability in times of crisis and growth, 1892–1914; Part III. World War I and Turbulent Interwar Years, 1914–40: 7. The wartime money glut, 1914–20; 8. Bank crises and resumption of pre-war gold parity, 1920–8; 9. The early escape from the golden fetters, 1928–40; Part IV. Money in Times of War, Central Planning and Regulation, 1940–86: 10. Extreme liquidity creation during the occupation years 1940–5; 11. Money in a new world, 1945–55; 12. The era of corporative policy and regulation, 1955–71; 13. From regulation to markets, 1971–86; Part V. The Long Return, 1986–2016: 14. A decade of crises and reforms, 1986–98; 15. Inflation targeting - overcoming the fear of floating, 1998–2016; 16. The future of money seen from the past; Bibliography; Index.

Über Autor(innen)

Eitrheim, Øyvind
Øyvind Eitrheim is a director at General Secretariat, Norges Bank. He served as Director of the Research Department at Norges Bank from 2001 to 2009 and is currently coordinating projects related to Norges Bank's Bicentenary Project 1816–2016. Selected publications include The Econometrics of Macroeconomic Modeling (2005, with G. Bårdsen, E. S. Jansen and R. Nymoen), Twenty Years of Inflation Targeting: Lessons Learned and Future Prospects (2010, co-edited with D. Cobham, S. Gerlach and J. F. Qvigstad), and Central Banks at a Crossroads: What Can We Learn from History? (2016, co-edited with M. D. Bordo, M. Flandreau and J. F. Qvigstad).

Klovland, Jan Tore
Jan Tore Klovland is a professor of economics at the Norwegian School of Economics in Bergen, Norway. He has published journal articles on macroeconomic history, price history and monetary history as well as on the development of ocean freight rates. Selected publications include 'Pitfalls in the Estimation of the Yield on British Consols' (Journal of Economic History, 1994), 'Monetary Policy and Business Cycles in the Interwar Years: The Scandinavian Experience' (European Review of Economic History, 1998), and 'New Evidence on the Fluctuations in Ocean Freight Rates in the 1850s' (Explorations in Economic History, 2009).