Politics of Credit: Government Borrowing and Political Regimes in Sweden

Patrik Winton ()
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Patrik Winton: Örebro University

Chapter Chapter 3 in A World of Public Debts, 2020, pp 57-78 from Palgrave Macmillan

Abstract: Abstract This chapter focuses on the case of Sweden, and how the issue of government debt affected the balance of power and the political relationships between the different members of the elite and between the elite and the king. Government debt became a central object of political contestation and framed the character and the direction of the state’s activities. The analysis focuses on two periods of crisis when existing borrowing arrangements were challenged: the Seven Years’ War and the Napoleonic Wars. Both times, the renegotiation of existing fiscal arrangements was intimately linked to changes to the constitutional order, as well as the structure of the European states system.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psitcp:978-3-030-48794-2_3

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DOI: 10.1007/978-3-030-48794-2_3

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