The Gold Standard Peripheries

1. Front Matter

   Pages i-xviii

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2. 1 The Case for the Peripheries

   1. The Case for the Peripheries

      • Anders Ögren, Lars Fredrik Øksendal

      Pages 1-14

3. Scandinavia

   1. Front Matter

      Pages 15-15

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   2. Central Banking and Monetary Policy in Sweden during the Long Nineteenth Century

      • Anders Ögren

      Pages 17-36

   3. Freedom for Manoeuvre: The Norwegian Gold Standard Experience, 1874–1914

      • Lars Fredrik Øksendal

      Pages 37-57

   4. Price Stability in the Periphery during the International Gold Standard: Scandinavia

      • Ola Honningdal Grytten, Arngrim Hunnes

      Pages 58-80

   5. Monetary Policy in the Nordic Countries during the Classical Gold Standard Period: The Wicksellian View

      • Concepciôn García-Iglesias, Juha Kilponen

      Pages 81-103

4. The European Continent

   1. Front Matter

      Pages 105-105

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   2. Foreign Exchange Reserve Management in the Nineteenth Century: The National Bank of Belgium in the 1850s

      • Stefano Ugolini

      Pages 107-129

   3. Belgian Monetary Policy under the Gold Standard during the Interwar Period

      • Herman Van der Wee

      Pages 130-144

   4. Floating against the Tide: Spanish Monetary Policy 1870–1931

      • Pablo Martín-Aceña, Elena Martínez-Ruiz, Pilar Nogues-Marco

      Pages 145-173

   5. Monetary Policy in Southeast Europe on the Road to the Gold Standard

      • Kalina Dimitrova, Luca Fantacci

      Pages 174-187

5. Asia and South America

   1. Front Matter

      Pages 189-189

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   2. Domestic Public Debt, Gold Standard and Civil Wars: Institutional Interconnections in Nineteenth-Century Colombia

      • Angela Rojas Rivera

      Pages 191-210

   3. The Japanese Economy during the Interwar Period: Instability in the Financial System and the Impact of the World Depression

      • Masato Shizume

      Pages 211-228

6. Lessons for the Future

   1. Front Matter

      Pages 229-229

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   2. The Euro and the Gold Standard: What are the Lessons?

      • Anders Ögren, Lars Fredrik Øksendal

      Pages 231-244

7. Back Matter

   Pages 245-265

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The remarkably successful gold standard before 1914 was the first international monetary regime. This book addresses the experience of the gold standard peripheries; i.e. regime takers with limited influence on the regime. How did small countries adjust to an international monetary regime with seemingly little room for policy autonomy?

• bank
• banking
• depression
• monetary policy

• Department of Economic History, Uppsala University, Sweden

  Anders Ögren

• Norwegian School of Economics, Norway

  Lars Fredrik Øksendal

ANDERS ÖGREN is Associate Professor at UCBH - Department of Economic History, Uppsala University and EHFF - Stockholm School of Economics, Sweden. He is also Associated Researcher at EconomiX – Université Paris Ouest and Lecturer at Institut d'Études Politiques de Paris (Sciences Po). His most recent publications are Convergence and Divergence of National Financial Systems: Evidence from the Gold Standards, 1871 – 1971 (Eds. with Patrice Baubeau) and The Swedish Financial Revolution (Ed.). He has also published in international refereed journals such as Business History, Explorations in Economic History and Financial History Review.

LARS FREDRIK ØKSENDAL is Assistant Professor at Norwegian School of Economics and Business Administration, Norway and is currently involved in Norges Bank's bicentenary project 1816-2016. He has published extensively on Norwegian monetary and financial history in journals such as Financial History Review, International History Review, Contemporary European History and the Review of International Political Economy.

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