Arbeitspapier
The Decentralised Central Bank: Regional Bank Rate Autonomy in Norway, 1850-1892
Before 1893 the regional branches of Norges Bank set their own bank rates. We discuss how bank rate autonomy could be reconciled with the fixed exchange rate commitments of the silver and gold standard. Although the headquarters of the bank was in Trondhjem, we find that the Christiania branch played the key role in providing leadership in bank rate policy. Foreign interest rate impulses were important for bank rate decisions, but there was also some leeway for responding to idiosyncratic shocks facing the Norwegian economy.
- ISBN
-
978-82-7553-887-9
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 20/2015
- Klassifikation
-
Wirtschaft
Central Banks and Their Policies
Economic History: Financial Markets and Institutions: Europe: Pre-1913
- Thema
-
bank rate
gold standard
monetary policy
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Klovland, Jan Tore
Øksendal, Lars Fredrik
- Ereignis
-
Veröffentlichung
- (wer)
-
Norges Bank
- (wo)
-
Oslo
- (wann)
-
2015
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:41 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Klovland, Jan Tore
- Øksendal, Lars Fredrik
- Norges Bank
Entstanden
- 2015
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