Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/209973
Authors: 
Værholm, Monica
Øksendal, Lars Fredrik
Year of Publication: 
2010
Series/Report no.: 
Working Paper No. 2010/28
Publisher: 
Norges Bank, Oslo
Abstract: 
Introduction: For later generations, August 1914 has become a watershed in monetary history. In a matter of days, the belligerent and neutral countries of Europe alike suspended the gold standard. The international monetary regime that had served the world economy for close to four decades was no more. Everywhere domestic fiat money became the order of the day. Even more importantly, the war brought a fundamental change in the priorities of monetary policy: National objectives triumphed over monetary stability.
Persistent Identifier of the first edition: 
ISBN: 
978-82-7553-585-4
Creative Commons License: 
https://creativecommons.org/licenses/by-nc-nd/4.0/deed.no
Document Type: 
Working Paper
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