Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/56174 
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dc.contributor.authorÖgren, Andersen
dc.date.accessioned2012-03-28T13:05:22Z-
dc.date.available2012-03-28T13:05:22Z-
dc.date.issued2007-
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
dc.language.isoengen
dc.publisher|aStockholm School of Economics, The Economic Research Institute (EFI) |cStockholmen
dc.relation.ispartofseries|aSSE/EFI Working Paper Series in Economics and Finance |x650en
dc.subject.jelE44en
dc.subject.jelN13en
dc.subject.jelN23en
dc.subject.jelO16en
dc.subject.ddc330en
dc.subject.keywordFinancial Developmenten
dc.subject.keywordGrowthen
dc.subject.keywordInstitutionsen
dc.subject.keywordLiquidityen
dc.subject.keywordMonetizationen
dc.subject.keywordNineteenth Centuryen
dc.subject.keywordSilver and Gold Standardsen
dc.subject.keywordStructural Changeen
dc.subject.stwFinanzsektoren
dc.subject.stwFinanzinnovationen
dc.subject.stwWirtschaftswachstumen
dc.subject.stwIndustrielle Produktionen
dc.subject.stwSchwedenen
dc.subject.stwWirtschaftsgeschichteen
dc.titleFinancial revolution and economic modernization in Sweden-
dc.typeWorking Paperen
dc.identifier.ppn523546882en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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