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dc.contributor.authorÖgren, Andersen_US
dc.date.accessioned2012-03-28T13:05:22Z-
dc.date.available2012-03-28T13:05:22Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/56174-
dc.description.abstractThe development of a well adapted financial system was a main part of the successful Swedish economic modernization in the latter half of the nineteenth century. In this paper it is shown that this development followed the pattern of a financial revolution. Major institutional and organizational changes that took place roughly between the late 1850s and early 1870s led to a rapid increase in liquidity and financial services. This financial revolution preceded the acceleration in economic growth in general and in the modern, industrial sector in particular. Especially the monetization encouraged growth, both in the industrial sector and in GDP as a whole. The basis of the financial system, measured as commercial bank assets and equity capital, was on the other hand also a result of GDP growth.en_US
dc.language.isoengen_US
dc.publisherEkonomiska Forskningsinst. Stockholmen_US
dc.relation.ispartofseriesSSE/EFI Working Paper Series in Economics and Finance 650en_US
dc.subject.jelE44en_US
dc.subject.jelN13en_US
dc.subject.jelN23en_US
dc.subject.jelO16en_US
dc.subject.ddc330en_US
dc.subject.keywordFinancial Developmenten_US
dc.subject.keywordGrowthen_US
dc.subject.keywordInstitutionsen_US
dc.subject.keywordLiquidityen_US
dc.subject.keywordMonetizationen_US
dc.subject.keywordNineteenth Centuryen_US
dc.subject.keywordSilver and Gold Standardsen_US
dc.subject.keywordStructural Changeen_US
dc.subject.stwFinanzsektoren_US
dc.subject.stwFinanzinnovationen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwIndustrielle Produktionen_US
dc.subject.stwSchwedenen_US
dc.subject.stwWirtschaftsgeschichteen_US
dc.titleFinancial revolution and economic modernization in Swedenen_US
dc.typeWorking Paperen_US
dc.identifier.ppn523546882en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:SSE/EFI Working Paper Series in Economics and Finance, EFI - The Economic Research Institute, Stockholm School of Economics

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