Arbeitspapier

Letting the Anchor Go: Monetary Policy in Neutral Norway During World War I

Introduction: For later generations, August 1914 has become a watershed in monetary history. In a matter of days, the belligerent and neutral countries of Europe alike suspended the gold standard. The international monetary regime that had served the world economy for close to four decades was no more. Everywhere domestic fiat money became the order of the day. Even more importantly, the war brought a fundamental change in the priorities of monetary policy: National objectives triumphed over monetary stability.

ISBN
978-82-7553-585-4
Language
Englisch

Bibliographic citation
Series: Working Paper ; No. 2010/28

Classification
Wirtschaft

Event
Geistige Schöpfung
(who)
Værholm, Monica
Øksendal, Lars Fredrik
Event
Veröffentlichung
(who)
Norges Bank
(where)
Oslo
(when)
2010

Handle
Last update
10.03.2025, 11:43 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Værholm, Monica
  • Øksendal, Lars Fredrik
  • Norges Bank

Time of origin

  • 2010

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