In medieval Europe, old coins were frequently declared invalid and exchanged for new ones at fixed rates and dates. Here, the question of whether and when such re-coinage was applied in medieval Sweden is analyzed against the historical record. A theory of how short-lived coinage systems work is...

The purpose of this study is to analyse which kinds of monetary taxation and coinage policies the minting authorities applied in Sweden in the period 1153–1512. In medieval Europe, old coins were frequently declared invalid and were exchanged for new ones at fixed rates and dates. Here, the...

This paper examines the historical evolution of central bank credibility using both historical narrative and empirics for a group of 16 countries, both advanced and emerging. It shows how the evolution of credibility has gone through a pendulum where credibility was high under the classical gold...