Freedom for Manoeuvre: The Norwegian Gold Standard Experience, 1874–1914

Lars Fredrik Øksendal

Chapter 3 in The Gold Standard Peripheries, 2012, pp 37-57 from Palgrave Macmillan

Abstract: Abstract For the four decades preceding the commencement of World War I, gold convertibility was the nucleus of Norwegian monetary policy. No monetary regime, neither before nor after, has displayed the same endurance nor been as widely acclaimed. The apparent success notwithstanding, until recently research interest in the Norwegian gold standard experience has been meagre. The received wisdom presented has mirrored the old postulate of Wilhelm Keilhau; that Norway loyally played according to ‘the rules of the game’.1

Keywords: Monetary Policy; Central Bank; Foreign Exchange; Domestic Currency; Foreign Exchange Reserve (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-36231-4_3

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DOI: 10.1057/9780230362314_3

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