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The Swedish System of Payment 995-1534

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Author Info
Edvinsson, Rodney () (Dept. of Economic History, Stockholm University)
Franzén, Bo () (Dept. of Economic History, Stockholm University)
Söderberg, Johan () (Dept. of Economic History, Stockholm University)
Abstract

The medieval system of payment in Sweden was complex. This paper aims at clarifying some essential features of it in a way that may facilitate further study of medieval Swedish economic history by international researchers. For instance, the presentation of the exchange rate between the silver mark and the mark penningar provides information that is indispensable to anyone who wishes to convert nominal Swedish prices into silver prices, which in turn is necessary for international comparisons. Part of the complexity of the monetary system is due to the lack of a country-wide monetary standard for most of the medieval era. Several currencies existed alongside the mark penning. In addition, various foreign gold coins circulated at a floating rate. The exchange rates between these various currencies are sometimes not known with any precision. We have, however, tried to summarize the available information in several tables.

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File URL: http://www.historia.se/SPEH9.pdf
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Publisher Info
Paper provided by Department of Economic History, Stockholm University in its series Stockholm Papers in Economic History with number 9.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 59 pages
Date of creation: 17 Aug 2009
Date of revision:
Handle: RePEc:hhs:suekhi:0009

Contact details of provider:
Postal: Department of Economic History, Stockholm University, SE 106 91 STOCKHOLM, Sweden
Web page: http://www.ekohist.su.se/

For technical questions regarding this item, or to correct its listing, contact: (Rodney Edvinsson).

Related research
Keywords: monetary history; mark; silver; gold; Middle Ages; exchange;

Find related papers by JEL classification:
E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
N13 - Economic History - - Macroeconomics and Monetary Economics; Growth and Fluctuations - - - Europe: Pre-1913
N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913

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This page was last updated on 2009-11-18.

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