A Monetary History of Norway, 1816–2016

Historical narrative integrated with graphs based on a unique dataset chronicle the last 200 years of monetary history in Norway.

Øyvind Eitrheim (Author), Jan Tore Klovland (Author), Lars Fredrik Øksendal (Author)

9781107150409, Cambridge University Press

Hardback, published 22 December 2016

654 pages, 201 colour illus. 11 tables
23.5 x 16 x 3.2 cm, 1.12 kg

'Capitalizing on impressive new quantitative evidence, the authors give us the monetary history of Norway, set against the backdrop of the economic and political developments that brought a small peripheral economy to be one of the richest counties in the world. This book is a standard reference for anyone interested in the history and economy of Scandinavia and Europe.' Gianni Toniolo, Libera Università Internazionale degli Studi Sociali Guido Carli (LUISS), Center for Economic and Policy Research (CEPR), and Duke University, North Carolina

This book provides a broad overview of monetary developments in Norway over the past 200 years, using a rich variety of graphical illustrations based on a unique data set of historical monetary statistics, which will be documented and made available on the Norges Bank website (in English) at http://www.norges-bank.no/en. Throughout the book, Norway's monetary developments are anchored in a historical context and in the development of monetary thinking. Through their analysis of the historical data, the authors provide new insights and comparisons to other Scandinavian countries, along with an excellent examination of the development and character of the banking and financial system in Norway.

Preface
1. A monetary history in five parts
Part I. The Long Promise, 1814–50: 2. The Dano-Norwegian monetary system before 1816
3. The thorny road to resumption, 1816–48
Part II. The Rise of Private Deposit Taking Banks, 1850–1914: 4. Newfound stability in times of crisis, 1848–70
5. Volatility and stability in the time of gold, 1870–92
6. Stability in times of crisis and growth, 1892–1914
Part III. World War I and Turbulent Interwar Years, 1914–40: 7. The wartime money glut, 1914–20
8. Bank crises and resumption of pre-war gold parity, 1920–8
9. The early escape from the golden fetters, 1928–40
Part IV. Money in Times of War, Central Planning and Regulation, 1940–86: 10. Extreme liquidity creation during the occupation years 1940–5
11. Money in a new world, 1945–55
12. The era of corporative policy and regulation, 1955–71
13. From regulation to markets, 1971–86
Part V. The Long Return, 1986–2016: 14. A decade of crises and reforms, 1986–98
15. Inflation targeting - overcoming the fear of floating, 1998–2016
16. The future of money seen from the past
Bibliography
Index.

Subject Areas: Finance [KFF], Economic history [KCZ], International economics [KCL], Monetary economics [KCBM], Macroeconomics [KCB]