Please use this identifier to cite or link to this item:
https://hdl.handle.net/10419/56243
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Hortlund, Per | en |
dc.date.accessioned | 2012-03-28T13:07:04Z | - |
dc.date.available | 2012-03-28T13:07:04Z | - |
dc.date.issued | 2005 | - |
dc.identifier.uri | http://hdl.handle.net/10419/56243 | - |
dc.description.abstract | The 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 |
dc.language.iso | eng | en |
dc.publisher | |aStockholm School of Economics, The Economic Research Institute (EFI) |cStockholm | en |
dc.relation.ispartofseries | |aSSE/EFI Working Paper Series in Economics and Finance |x613 | en |
dc.subject.jel | G21 | en |
dc.subject.jel | N13 | en |
dc.subject.jel | N23 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Free banking | en |
dc.subject.keyword | Elastic currency | en |
dc.subject.keyword | Asset currency | en |
dc.subject.keyword | Clearing mechanism | en |
dc.subject.keyword | Note competition | en |
dc.subject.keyword | Needs of trade | en |
dc.subject.keyword | Lender of last resort | en |
dc.subject.keyword | Sailing season | en |
dc.subject.stw | Free Banking | en |
dc.subject.stw | Bankgeschichte | en |
dc.subject.stw | Schweden | en |
dc.title | The provision of liquidity in the Swedish note-banking system | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 503294799 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.