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Central banks under German rule during World War II: The case of Norway

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  • Harald Espeli

    (Norges Bank (Central Bank of Norway))

Abstract

Until the German invasion of Norway 9 April 1940 the Norwegian central bank had been one of the most independent in Western Europe. This article investigates the agency of the Norwegian central bank during the German occupation and compares it with central banks in other German occupied countries. The Norwegian central bank seems to have been more accommodating to German wishes and demands than the central banks in other German occupied countries in Western Europe.

Suggested Citation

  • Harald Espeli, 2012. "Central banks under German rule during World War II: The case of Norway," Working Paper 2012/02, Norges Bank.
  • Handle: RePEc:bno:worpap:2012_02
    as

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    File URL: http://www.norges-bank.no/en/Published/Papers/Working-Papers/2012/WP-201202/
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    References listed on IDEAS

    as
    1. Occhino, Filippo & Oosterlinck, Kim & White, Eugene N., 2008. "How Much Can a Victor Force the Vanquished to Pay? France under the Nazi Boot," The Journal of Economic History, Cambridge University Press, vol. 68(01), pages 1-45, March.
    2. Christopher Crowe & Ellen E. Meade, 2007. "The Evolution of Central Bank Governance around the World," Journal of Economic Perspectives, American Economic Association, vol. 21(4), pages 69-90, Fall.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Central banks; World War II; German occupation; Norway;

    JEL classification:

    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • N44 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: 1913-
    • N94 - Economic History - - Regional and Urban History - - - Europe: 1913-

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