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Norges Bank and the Four Criteria

In: The Origins and Nature of Scandinavian Central Banking

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  • Steffen Elkiær Andersen

Abstract

For about 400 years Denmark and Norway had constituted a dual kingdom with the Danish kings as heads of state. In Norway, the king was represented by a statholder (governor) and a local administration residing in Christiania (spelt Kristiania since 1877, and renamed Oslo in 1925). The local administration was comprised mostly of civil servants educated in Copenhagen and recruited from the Danish central administration. The local administration would collect taxes, customs, and duties and remit the proceeds to Copenhagen where these incomes would contribute to the joint defenses and administration of the kingdoms.

Suggested Citation

  • Steffen Elkiær Andersen, 2016. "Norges Bank and the Four Criteria," Palgrave Macmillan Studies in Banking and Financial Institutions, in: The Origins and Nature of Scandinavian Central Banking, chapter 5, pages 69-79, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-319-39750-4_5
    DOI: 10.1007/978-3-319-39750-4_5
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