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Politics of Credit: Government Borrowing and Political Regimes in Sweden

In: A World of Public Debts

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  • Patrik Winton

    (Örebro University)

Abstract

This chapter focuses on the case of Sweden, and how the issue of government debt affected the balance of power and the political relationships between the different members of the elite and between the elite and the king. Government debt became a central object of political contestation and framed the character and the direction of the state’s activities. The analysis focuses on two periods of crisis when existing borrowing arrangements were challenged: the Seven Years’ War and the Napoleonic Wars. Both times, the renegotiation of existing fiscal arrangements was intimately linked to changes to the constitutional order, as well as the structure of the European states system.

Suggested Citation

  • Patrik Winton, 2020. "Politics of Credit: Government Borrowing and Political Regimes in Sweden," Palgrave Studies in the History of Finance, in: Nicolas Barreyre & Nicolas Delalande (ed.), A World of Public Debts, edition 1, chapter 0, pages 57-78, Palgrave Macmillan.
    • Handle: RePEc:pal:psitcp:978-3-030-48794-2_3
    DOI: 10.1007/978-3-030-48794-2_3
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