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http://hdl.handle.net/10419/56243
  

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dc.contributor.authorHortlund, Peren_US
dc.date.accessioned2012-03-28T13:07:04Z-
dc.date.available2012-03-28T13:07:04Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/56243-
dc.description.abstractThe working of the asset currency provided by the Swedish note banking system in 1878-1901 is described. Natural and institutional conditions caused the demand for currency to peak in March and September, with troughs in July and January. The paper investigates how the Enskilda banks provided liquidity to solve the problem. This is done by describing how the volume of notes varied over the year, and how other balance sheet items co-moved with them. Strong seasonal co-variation is found particularly between lending and foreign payments media, varying like communicating vessels over the sailing season in May-October (when the sea was ice free and shipments were made).en_US
dc.language.isoengen_US
dc.publisherEkonomiska Forskningsinst. Stockholmen_US
dc.relation.ispartofseriesSSE/EFI Working Paper Series in Economics and Finance 613en_US
dc.subject.jelG21en_US
dc.subject.jelN13en_US
dc.subject.jelN23en_US
dc.subject.ddc330en_US
dc.subject.keywordFree bankingen_US
dc.subject.keywordElastic currencyen_US
dc.subject.keywordAsset currencyen_US
dc.subject.keywordClearing mechanismen_US
dc.subject.keywordNote competitionen_US
dc.subject.keywordNeeds of tradeen_US
dc.subject.keywordLender of last resorten_US
dc.subject.keywordSailing seasonen_US
dc.subject.stwFree Bankingen_US
dc.subject.stwBankgeschichteen_US
dc.subject.stwSchwedenen_US
dc.titleThe provision of liquidity in the Swedish note-banking systemen_US
dc.typeWorking Paperen_US
dc.identifier.ppn503294799en_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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