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The Origins and Nature of Scandinavian Central Banking (Paperback, Softcover reprint of the original 1st ed. 2016)
Loot Price: R4,181
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The Origins and Nature of Scandinavian Central Banking (Paperback, Softcover reprint of the original 1st ed. 2016)
Series: Palgrave Macmillan Studies in Banking and Financial Institutions
Expected to ship within 10 - 15 working days
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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.
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