The Swedish System of Payment 995-1534

Rodney Edvinsson, Bo Franzén () and Johan Söderberg ()
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Bo Franzén: Dept. of Economic History, Stockholm University, Postal: Department of Economic History , Stockholm University , SE 106 91 STOCKHOLM, Sweden
Johan Söderberg: Dept. of Economic History, Stockholm University, Postal: Department of Economic History , Stockholm University , SE 106 91 STOCKHOLM, Sweden

No 9, Stockholm Papers in Economic History from Stockholm University, Department of Economic History

Abstract: The medieval system of payment in Sweden was complex. This paper aims at clarifying some essential features of it in a way that may facilitate further study of medieval Swedish economic history by international researchers. For instance, the presentation of the exchange rate between the silver mark and the mark penningar provides information that is indispensable to anyone who wishes to convert nominal Swedish prices into silver prices, which in turn is necessary for international comparisons. Part of the complexity of the monetary system is due to the lack of a country-wide monetary standard for most of the medieval era. Several currencies existed alongside the mark penning. In addition, various foreign gold coins circulated at a floating rate. The exchange rates between these various currencies are sometimes not known with any precision. We have, however, tried to summarize the available information in several tables.

Keywords: monetary history; mark; silver; gold; Middle Ages; exchange (search for similar items in EconPapers)
JEL-codes: E42 N13 N23 (search for similar items in EconPapers)
Pages: 59 pages
Date: 2009-08-17
New Economics Papers: this item is included in nep-cba, nep-his, nep-mac and nep-mon
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Published in Historical Monetary and Financial Statistics for Sweden: Exchange rates, prices and wages 1277–2008, Edvinsson, Rodney, Jacobson, Tor, Waldenström, Daniel (eds.), 2010, chapter 3, pages 67-132, Sveriges Riksbank, Ekerlids förlag.

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