Nordic Lessons from Exchange Rate Regimes
Gylfi Zoega ()
Additional contact information
Gylfi Zoega: University of Iceland
Atlantic Economic Journal, 2017, vol. 45, issue 4, 411-428
Abstract The Nordic countries of Denmark, Finland, Iceland, Norway and Sweden share common history, culture and institutions. Four, with the exception of Finland, have languages that stem from a common root. Yet the five countries have chosen different paths when it comes to membership in international organizations. Denmark, Iceland and Norway became founding members of the North Atlantic Treaty Organization while Finland and Sweden decided to stay neutral. Denmark, Sweden and Finland belong to the European Union while Iceland and Norway only belong to the European Single Market. Only Finland of the three European Union member countries has adopted the euro as its currency, Denmark has a fixed exchange rate against the euro and Sweden has a floating exchange rate regime. Yet, in spite of different monetary regimes, the economic performance in recent decades is quite similar, casting doubt on the importance of the exact regime chosen.
Keywords: Monetary regime; Nordic countries; E42; E52; E58 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1007/s11293-017-9555-5 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:kap:atlecj:v:45:y:2017:i:4:d:10.1007_s11293-017-9555-5
Ordering information: This journal article can be ordered from
http://www.springer. ... cs/journal/11293/PS2
Access Statistics for this article
Atlantic Economic Journal is currently edited by Kathleen S. Virgo
More articles in Atlantic Economic Journal from Springer, International Atlantic Economic Society Contact information at EDIRC.
Series data maintained by Sonal Shukla ().