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lender of last resort. The lesson of Sweden's history of crises under the classical specie standard is that a transitional …
Persistent link: https://www.econbiz.de/10001799324
country of Sweden, indicates that the Enskilda banks made a contribution out of the reach of non-note issuing banks. In view …
Persistent link: https://www.econbiz.de/10001808209
This paper studies the role of bank notes issued by the private Enskilda banks in the expansion of the Swedish monetary stock under the classic specie standard maintained during the period 1834-1913. The use of balance sheets has made possible the estimation of more accurate and continuous...
Persistent link: https://www.econbiz.de/10001808223
This paper explores how international capital movements affected the domestic money supply. This requires that the causality at work in the adjustment process be analyzed. For this purpose, series of central bank reserves, the monetary base, the money supply and the balance of payments were...
Persistent link: https://www.econbiz.de/10001813559