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dc.contributor.authorHortlund, Peren
dc.date.accessioned2012-03-28T13:07:04Z-
dc.date.available2012-03-28T13:07:04Z-
dc.date.issued2005-
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
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 |x613en
dc.subject.jelG21en
dc.subject.jelN13en
dc.subject.jelN23en
dc.subject.ddc330en
dc.subject.keywordFree bankingen
dc.subject.keywordElastic currencyen
dc.subject.keywordAsset currencyen
dc.subject.keywordClearing mechanismen
dc.subject.keywordNote competitionen
dc.subject.keywordNeeds of tradeen
dc.subject.keywordLender of last resorten
dc.subject.keywordSailing seasonen
dc.subject.stwFree Bankingen
dc.subject.stwBankgeschichteen
dc.subject.stwSchwedenen
dc.titleThe provision of liquidity in the Swedish note-banking system-
dc.typeWorking Paperen
dc.identifier.ppn503294799en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

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