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Managing Crises and De-Globalisation
As small, open economies the Nordic states have always been more dependent on foreign trade than larger powers, and have thus had a historic preference for free trade. But during the inter-war period the Nordic countries were squeezed between powerful and aggressive trading partners: above all Great Britain and Germany. Although the period between the end of the First World War and 1929 was marked by a return to a liberal world economy, the Great Depression ushered in a decade of protectionism. The bilateralisation of international trade was especially evident after Britain’s Ottawa treaties in 1932 and the Nazi seizure of power in 1933. Their dependence on trade with Britain and Germany m...
Central Banks at a Crossroads
This book discusses the role of central banks and draws lessons from examining their evolution over the past two centuries.
A Monetary History of Norway, 1816–2016
Historical narrative integrated with graphs based on a unique dataset chronicle the last 200 years of monetary history in Norway.
The Gold Standard Peripheries
The remarkably successful gold standard before 1914 was the first international monetary regime. This book addresses the experience of the gold standard peripheries; i.e. regime takers with limited influence on the regime. How did small countries adjust to an international monetary regime with seemingly little room for policy autonomy?
Scandinavia in the First World War
Denmark, Norway, and Sweden all managed to stay out of the First World War, but all three were deeply affected by it. When the trade war and blockades came into play, the Scandinavian countries were subject to relentless pressure. Inflation and shortages of consumer goods caused widespread hardship and, ultimately, political unrest. The result was the widening social divide and bitter political divisions that marked the inter-war years. In Scandinavia in the First World War, the authors analyse aspects of the military and economic consequences of the Great War, and explore how intellectuals engaged in political propaganda and the peace movement. They also look at the experiences of the groups who came into immediate contact with the war: seamen, journalists, volunteer nurses, and thousands of Scandinavian soldiers. With a comparative introduction to the history of the Scandinavian countries during the First World War and detailed case-studies, this volume presents a wide-ranging survey of the situation in the neutral Scandinavian states. With its cross-disciplinary approach, it touches on cultural, social, and military history, as well as literary and minority studies.
Norges Bank 1816-2016
Norges Bank has been an integrated part of Norwegian economic development since the complicated birth of the new nation-state after the Napoleonic wars. This book traces its 200-year history, focusing on its relations with political institutions that have shaped and reshaped the bank's role since its establishment in 1816.
New Directions in Norwegian Maritime History
This book is a wide-reaching study of Norwegian maritime history and developments within the discipline. It brings together the research efforts of a University of Oslo project aiming to further understand Norwegian shipping history between 1814 and 2014, and the work of a new generation of maritime historians. Structured into three sections - global integration, political issues, and success and failure - the volume covers a broad range of maritime topics that have influenced both Norwegian economic development and Norwegian cultural identity. Through analysis it discovers that in the last few decades Norwegian shipping has been plagued by multiple troubles, whilst simultaneously becoming less crucial to the Norwegian economy in favour of offshore petroleum production. However, it reiterates the historical importance of shipping to the economic development of Norway, and asserts that historians have begun to treat it as the centre from which other industries grew.
Global Monetary Regime and National Central Banking
The author examines the evolution of central bank cooperation and the international dimensions of national policies in the post-World War I reconstruction. The tensions between the demands set by the workings of the global monetary regime and the need for long term structural adjustment of a peripheral economy is one of the central themes of the volume.
