A Monetary History of Norway, 1816–2016 (Studies in Macroeconomic History)

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. 1 - A Monetary History in Five Parts PART I - THE LONG PROMISE, 1816–1850 2 - What Came Before: Dano-Norwegian Experience, Monetary Upheaval and a New Bank of Issue 3 - The Birth of Norges Bank and the Thorny Road to Resumption PART II - THE RISE OF PRIVATE DEPOSIT-TAKING BANKS, 1850–1914 4 - Newfound Stability in Times of Crisis and Financial Breakthrough, 1850–1870 5 - Volatility and Stability in the Time of Gold, 1870–1892 6 - Stability in Times of Crisis and Growth, 1892–1914 PART III - WORLDWAR I AND TURBULENT INTERWAR YEARS, 1914–1940 7 - TheWartime Money Glut, 1914–1920 8 - Bank Crises and Resumption of Prewar Gold Parity, 1920–1928 9 - The Early Escape from the Golden Fetters, 1928–1940 PART IV - MONEY IN TIMES OFWAR, CENTRAL PLANNING AND REGULATION, 1940–1986 10 - The Extreme Liquidity Creation during the Occupation Years, 1940–1945 11 - Money in a NewWorld, 1945–1955 12 - The Era of Corporative Policy and Regulation, 1955–1971 13 - From Regulation to Markets in an Embryonic Oil Economy, 1971–1986 PART V - THE LONG RETURN, 1986–2016 14 - A Decade of Crises and Reforms, 1986–1998 15 - Inflation Targeting: Overcoming the Fear of Floating, 1998–2016 16 - The Future of Money Seen from the Past https://www.cambridge.org/core/books/monetary-history-of-norway-18162016/46818B20C34A1FE31E2795FE5B38BFFB Cover -- Half-title -- Endorsements -- Series information -- Title page -- Copyright information -- Table of contents -- List of Figures -- List of Tables -- Preface -- Norges Bank's Bicentenary Project 1816-2016 -- Cover Images -- 1 A Monetary History in Five Parts -- 1.1 Introduction -- 1.2 The Functions of Money -- 1.3 Money: From Commodity Money to Notes to Bank Deposits -- 1.4 Money Is Based on Trust -- 1.5 How Money Is Created: Institutions and Mechanisms -- 1.6 How Much Money? -- 1.7 The Value of Money -- 1.8 Interest Rates -- 1.9 The Five Parts of the Book -- 1.10 Exchange Rate Regimes in Norway, 1816-2016 -- Part I The Long Promise, 1816-1850 -- 2 What Came Before: Dano-Norwegian Experience, Monetary Upheaval and a New Bank of Issue -- 2.1 Introduction -- 2.2 The Dano-Norwegian Experience until 1807 -- 2.3 A Paper Money Economy -- 2.4 The Fate of Paper Money during Times of War, 1807-1813 -- 2.5 The First Attempt to Restore the Monetary System (1813) -- 2.6 The Second Attempt to Restore the Monetary System (1814) -- 2.7 The Third Attempt to Restore the Monetary System (1816): Chartering a Bank of Issue -- 2.8 Challenging First Years -- 2.9 The Norwegian Exit from the Dano-Norwegian Currency Area -- 3 The Birth of Norges Bank and the Thorny Road to Resumption -- 3.1 Introduction -- 3.2 Resuming Convertibility at Par Rates -- 3.3 On Fiscal Prudence by Norwegian Governments after 1814 -- 3.4 A Scandinavian Perspective on the Resumption of Specie Payments after the Napoleonic Wars -- 3.5 Money and Credit in the First Half of the Nineteenth Century -- 3.6 Consolidating Monetary Stability -- Part II The Rise of Private Deposit-Taking Banks, 1850-1914 -- 4 Newfound Stability in Times of Crisis and Financial Breakthrough, 1850-1870 -- 4.1 Introduction -- 4.2 The International Regime -- 4.3 The Business Cycle 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). 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. Øyvind Eitrheim, Norges Bank, Jan Tore Klovland, The Norwegian School Of Economics And Norges Bank, Lars Fredrik Øksendal, The Norwegian School Of Economics And Norges Bank. Includes Bibliographical References And Index. Historical narrative integrated with graphs based on a unique dataset chronicle the last 200 years of monetary history in Norway.