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| Author: | Øksendal L. F. |
| Title: | Bank rate policy in Norway, 1893-1914 |
| Journal: | Scandinavian economic history review
2009 : NOV, VOL. 57:3 p. 252-272 |
| Index terms: | INTEREST RATES money markets norway |
| Language: | eng |
| Abstract: | The article discusses Bank Rate policy in Norway in the last two decades of the classical gold standard. The empirical mainstay is a detailed examination of rate changes. The key finding is that Bank Rate changes were not decided in accordance with a single monetary rule or criterion, but were influenced by a wider set of deliberations. In particular, Norges Bank was sensitive to the necessities of business and the state of domestic money market. |
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