Mises Wire
Author:
Per Bylund
Joakim Book
Klaus Bernpaintner
Online Publish Date:
43 pounds ), people started using the notes as money. With Stockholms Banco’s innovative expansion of credit Sweden soon experienced, as Austrians would expect, a Riksbank (the Nation’s Bank) in 1867. To avoid the problems caused by Palmstruch’s innovative banking, this new bank was originally prohibited from lending to the crown decades, the bank has become known for being involved in extraordinary monetary policy. In the 1970s and 1980s, the Riksbank played a central role in devaluing the