Palgrave Macmillan Studies in Banking and Financial Institutions

The Origins and Nature of Scandinavian Central Banking

Authors: Andersen, Steffen Elkiær

  • Covers the 3 Scandinavian central banks in Sweden, Denmark, and Norway
  • Explores the impact of World War I and World War II on the evolution of central banking in Scandinavia
  • Clarifies the role played by central banks and their role in financial markets
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eBook £73.50
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  • ISBN 978-3-319-39750-4
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Hardcover £92.00
price for United Kingdom (gross)
  • ISBN 978-3-319-39749-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

This book explores the formation and evolution of Scandinavian central banks. It begins by defining the nature of “central banking” in general, before moving on to investigate how and when it became meaningful to regard today’s Scandinavian central banks as such. It also explores how Scandinavian central banks have conformed to the defined ideals of “central banks” over the last 100 years, clarifying the distinctions between commercial banks and central banks, and between central banks and departments of governments. The author shows how the outbreak of the Great War was the catalyst which fundamentally transformed the originally purely commercial banks into “central banks”. The book also analyses how different the three Scandinavian central banks are, how these differences can be explained by the different political and economic circumstances surrounding their original formation, and the differences in the political environments in which they later developed.

About the authors

Steffen Elkiær Andersen graduated from the University of Copenhagen in 1972 before commencing a career as an economist, first as a staff economist at the Federation of Danish Industries, and then moving into banking, with positions at Danske Bank, Unibank, and HSH Nordbank where he was Chief Credit Officer in the Nordic area. He has written a number of publications in economics and finance, and writes various articles in international newspapers and magazines. His latest book was The Evolution of Nordic Finance (Palgrave Macmillan, 2010), which explored the birth and growth of financial institutions in the four Nordic countries from the mid-17th century to the recent banking crisis.

Table of contents (11 chapters)

  • Some General Remarks on “Central Banking”

    Andersen, Steffen Elkiær

    Pages 3-10

  • Defining “Central Banks”: Four Criteria

    Andersen, Steffen Elkiær

    Pages 11-22

  • Sveriges Riksbank, and the Four Criteria

    Andersen, Steffen Elkiær

    Pages 25-51

  • Danmarks Nationalbank and the Four Criteria

    Andersen, Steffen Elkiær

    Pages 53-68

  • Norges Bank and the Four Criteria

    Andersen, Steffen Elkiær

    Pages 69-79

Buy this book

eBook £73.50
price for United Kingdom (gross)
  • ISBN 978-3-319-39750-4
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover £92.00
price for United Kingdom (gross)
  • ISBN 978-3-319-39749-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Origins and Nature of Scandinavian Central Banking
Authors
Series Title
Palgrave Macmillan Studies in Banking and Financial Institutions
Copyright
2016
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-39750-4
DOI
10.1007/978-3-319-39750-4
Hardcover ISBN
978-3-319-39749-8
Edition Number
1
Number of Pages
XVI, 237
Topics