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Scandinavian Monetary Integration During the 19th Century: A Study of the Establishment of the Scandinavian Currency Union,1865-1875

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  • Talia, Krim

    ()
    (Dept. of Economics, Stockholm School of Economics)

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    Abstract

    During the years 1873-1875, Norway, Denmark and Sweden reformed their monetary systems. They adopted a common currency, the Scandinavian Krona, based on gold. The German conversion to the gold standard in 1871 had acted as a catalyst for monetary change, and it sparked intense activity in Scandinavia. This paper demonstrates that the role of Scandinavianism in this reform movement has been exaggerated in the literature. Rather, the establishment of the Scandinavian Currency Union was based on economic arguments and primarily motivated by a fear of silver depreciation. The SCU was a case where Scandinavianism was used as a political means to pursue the economic end of a monetary union.

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    Bibliographic Info

    Paper provided by Stockholm School of Economics in its series Working Paper Series in Economics and Finance with number 606.

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    Length: 55 pages
    Date of creation: 10 Jun 2004
    Date of revision:
    Handle: RePEc:hhs:hastef:0606

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    Related research

    Keywords: Scandinavian Currency Union; Monetary Integration; Integration; Financial History; Economic History;

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