| Description |
1 online resource (247 pages) |
| Series |
Palgrave Macmillan Studies in Banking and Financial Institutions |
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Palgrave Macmillan studies in banking and financial institutions.
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| Contents |
Cover; Contents; List of Illustrations; Notes on Contributors; 1 The Swedish Financial Revolution: An In-Depth Study; Introduction; The financial revolution; Finance and growth; The Swedish financial revolution; Institutional changes and the financial revolution; Aim of this book; Notes; References; 2 The Early Modern Financial System and the Informal Credit Market; Introduction; Financial and currency problems in early modern Sweden; The Swedish credit market, 1720-1834; The private credit market; Public lending; The manufacturing discount bank: A state industry-financed bank |
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The road to the 1834 currency reformThe background to the 1777 and 1803 currency reforms; The 1830s: The parliament finally takes control of financial power; Epilogue: The manufacturing discount bank's contribution to the nineteenth century; Notes; References; 3 The Deposit Market Revolution in Sweden; Introduction; The deposit market revolution; The early stage, 1820-1860; Savings banks being market makers; Commercial banks entering the deposit market arena; The early depositors; Expansion and breakthrough, 1860-1880; Savings banks' accelerating growth on the deposits market |
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Commercial banks become more interested in depositsA market for life insurance; Post deposit revolution, 1880-1913; New actors enter the arena; The deposit market enters a more mature stage; The modern saver enters the deposit market arena; Conclusion; Notes; References; 4 Cooperation, Interbank Markets and Bank-Industry Networks: The Growth and Characteristics of Swedish Bank Lending, 1860-1910; Introduction; What was the problem and who was going to solve it?; Cooperation and the establishment of interbank markets; Local bank-industry networks and insider lending; Conclusion; Notes |
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The establishment of an exchange for the trading of securitiesMarket efficiency and market breadth: Stock market modernization, 1900-1920; Concentration of exchange to get reliable prices and public control to enhance stability and trust -- two instrumental explanations; Notes; References; 7 Market Integration 1830-1890; Introduction; The payments system and credit instruments; Commercial banks and integration; Conclusion; Notes; References; 8 Incorporation and Financial Modernization; Introduction; The demand for incorporation; Iron-works and the law of 1848; The modern company law of 1895 |
| Summary |
How did Sweden go from a financially backward country to one with a well functioning financial system? Why did this financial revolution occur after the mid-nineteenth century and not before? This book discusses the role of politics and economics in this change and what it means for economic development, market integration and financial crises |
| Bibliography |
Includes bibliographical references and index |
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References5 The Modernization of the National Bank of Sweden: The Riksbank; Introduction; Responsibility of the currency and issuance of base money: Monetary policy of the Riksbank; The Riksbank as the bank of the state: The importance of the National Debt Office; The Riksbank as the bankers' bank; The Riksbank as lender of last resort; Conclusion; Notes; References; 6 The Evolution of Secondary Financial Markets, 1820-1920; Introduction; The rise of secondary financial markets in Sweden: Quantitative evidence; Trading securities pre-financial revolution |
| Notes |
The breakthrough for the limited liability joint-stock company |
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Print version record |
| Subject |
Financial institutions -- Sweden -- History
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Banks and banking -- Sweden -- History
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Banking law -- Sweden
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BUSINESS & ECONOMICS -- Finance.
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Banking law
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Banks and banking
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Financial institutions
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Sweden
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| Genre/Form |
History
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| Form |
Electronic book
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| Author |
Ögren, Anders, 1967- editor.
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| ISBN |
9780230297234 |
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0230297234 |
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0230234046 |
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9780230234048 |
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