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The Scandinavian Currency Union (1873–1914)

In: The Origins and Nature of Scandinavian Central Banking

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  • Steffen Elkiær Andersen

Abstract

By the mid-1860s, the interest in switching from the predominantly silver standard to a new gold standard, or a bimetallic standard, was spreading throughout Europe, including the Nordic countries. The background was the declining price of silver relative to gold. It became increasingly difficult to maintain the traditional 15½:1 price relationship between silver and gold.

Suggested Citation

  • Steffen Elkiær Andersen, 2016. "The Scandinavian Currency Union (1873–1914)," Palgrave Macmillan Studies in Banking and Financial Institutions, in: The Origins and Nature of Scandinavian Central Banking, chapter 6, pages 81-93, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-319-39750-4_6
    DOI: 10.1007/978-3-319-39750-4_6
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