How the Great War Formed Scandinavian Central Banking

Steffen Elkiær Andersen

Chapter 7 in The Origins and Nature of Scandinavian Central Banking, 2016, pp 95-117 from Palgrave Macmillan

Abstract: Abstract The rapid industrialization and urbanization sweeping through Scandinavia during the 1890s and early 20th century left all three countries with sizeable net foreign debts by 1914. Large sums were owed to German, British, French, Swiss, and American banks, and large amounts of Scandinavian bonds and stocks were circulating on the stock exchanges, particularly in Berlin and Paris. Also, large blocks of real estate in the Scandinavian capitals had been acquired by German and British insurance companies.

Keywords: Exchange Rate; Discount Rate; Central Bank; Balance Sheet; Commercial Bank (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_7

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DOI: 10.1007/978-3-319-39750-4_7

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