The Scandinavian Currency Union (1873–1914)

Steffen Elkiær Andersen

Chapter 6 in The Origins and Nature of Scandinavian Central Banking, 2016, pp 81-93 from Palgrave Macmillan

Abstract: Abstract By the mid-1860s, the interest in switching from the predominantly silver standard to a new gold standard, or a bimetallic standard, was spreading throughout Europe, including the Nordic countries. The background was the declining price of silver relative to gold. It became increasingly difficult to maintain the traditional 15½:1 price relationship between silver and gold.

Keywords: Monetary Policy; Central Bank; Scandinavian Country; Legal Tender; Financial Authority (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-319-39750-4_6

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DOI: 10.1007/978-3-319-39750-4_6

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