Central Bank Cooperation and Lending of Last Resort in the Scandinavian Monetary Union

Autor:	Ögren Anders, Trautwein Hans-Michael
Jazyk:	German<br />English
Rok vydání:	2022
Předmět:	monetary union central bank cooperation banking crises lending of last resort scandinavia währungsunion zentralbankkooperation bankkrisen skandinavien b 13 e 58 f 45 g 01 Economic history and conditions HC10-1085 Economics as a science HB71-74
Zdroj:	Jahrbuch für Wirtschaftsgeschichte, Vol 63, Iss 2, Pp 433-494 (2022)
Druh dokumentu:	article
ISSN:	0075-2800 2196-6842
DOI:	10.1515/jbwg-2022-0016
Popis:	The functioning of multi-nation monetary unions with several central banks is conditioned by many factors and considerations, such as the capacity to deal with crises, the political will and operational skill to foster financial integration and to develop a mix of rules and discretion in the cooperation between the central banks. The Scandinavian monetary union (SMU) between 1873 and 1931 is a case in point for illustrating the importance of these factors and considerations. We examine the policies implemented in the Scandinavian countries to deal with asymmetries of payments flows and with financial crises at three levels: in an account of major crises that required lending of last resort, in a study of the clearing and settlement mechanism established in the union, and in a survey of contemporary economists’ views on lending of last resort and cooperation in the SMU.
Databáze:	Directory of Open Access Journals
Externí odkaz:	https://doaj.org/article/edee088afed240c7879a5b42082bc7cf Zobrazit plný text záznamu View record in DOAJ Plný text ve formátu PDF Plný text ve formátu HTML
Nepřihlášeným uživatelům se plný text nezobrazuje	K zobrazení výsledku je třeba se přihlásit.