Between 1830 and 1903, Sweden experienced one of the longest and most successful free-
banking periods in history. During this period, private note issuing banks1 were allowed and …

The aim of this thesis has been to analyse how savings banks were integrated into the
Swedish financial system from the end of the 19 th century until 1968. The study has focused …

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 …

First established during the 1830's, the Enskilda banks were characterized by unlimited
owner liability and the right to issue bank notes. Consequently, in Swedish banking history …

According to the classical view, an economy's lender of last resort should be its central bank.
For brief periods of time, the bank might suspend convertibility in order to provide the …

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 …

ABSTRACT In 1873, Denmark, Norway and Sweden formed the Scandinavian Currency
Union (SCD) and adopted the gold standard. The Union worked fairly smoothly during the …

(*) This paper is a synthesis of a research program initiated several years ago. Thank you to
all those who have supported us financially and in many other ways during this period …

Depuis la fin des années 70, le système de banque libre a connu un regain d'intérêt parmi
les économistes, notamment grâce à l'autrichien FA Hayek. Il existe deux modèles …

In the previous chapters we found only limited support for the fiscal theory of central banking
explaining the emergence and development of De Nederlandsche Bank (DNB). In this …