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Historical narrative integrated with graphs based on a unique dataset chronicle the last 200 years of monetary history in Norway.
List of contents
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.
About the author
Øyvind Eitrheim is a director at General Secretariat, Norges Bank. He served as Director of the Research Department at Norges Bank from 2001 to 2009 and is currently coordinating projects related to Norges Bank's Bicentenary Project 1816-2016. Selected publications include The Econometrics of Macroeconomic Modeling (2005, with G. Bårdsen, E. S. Jansen and R. Nymoen), Twenty Years of Inflation Targeting: Lessons Learned and Future Prospects (2010, co-edited with D. Cobham, S. Gerlach and J. F. Qvigstad), and Central Banks at a Crossroads: What Can We Learn from History? (2016, co-edited with M. D. Bordo, M. Flandreau and J. F. Qvigstad).
Summary
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.
