|
EconStor >
Stockholm School of Economics >
EFI - The Economic Research Institute, Stockholm School of Economics >
SSE/EFI Working Paper Series in Economics and Finance, EFI - The Economic Research Institute, Stockholm School of Economics >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/56279
|
| | |
| Title: | | Multiple paper monies in Sweden, 1789 - 1903: Substitution or complementarity?  |
| Authors: | | Engdahl, Torbjörn Ögren, Anders |
| Issue Date: | | 2007 |
| Series/Report no.: | | SSE/EFI Working Paper Series in Economics and Finance 678 |
| Abstract: | | Complementarity of money mean that two or more kinds of monies together fulfil the demand of the users better than they would without the existence of the other(-s). In this paper we study complementarity between paper monies in Sweden. We address four questions: 1) What was used as money on a macro level (money supply) and on a micro level (monetary remittances)? 2) What was the relative value of different monies in parallel circulation? 3) Was there seasonal variations in use and/or value? 4) Was there geographical variations in use and value? What we find is that the complementarity helped to solve the problem of providing sufficient liquidity domestically over time and space and thus and to keep a stable value of the currency. |
| Subjects: | | Complementarity Liquidity Money Supply Money Remittances Paper Money Parallel Circulation of Money Variations in Money Demand |
| JEL: | | E50 G21 N13 N23 |
| Document Type: | | Working Paper |
| Appears in Collections: | | SSE/EFI Working Paper Series in Economics and Finance, EFI - The Economic Research Institute, Stockholm School of Economics
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/56279
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|