Vägen mot växelkursstabilitet. Svensk penning- och valutapolitik 1834-1880

Sammanfattning: This licentiate thesis deals with the development of monetary- and foreign exchange rate policies in Sweden between 1834 and 1880. Policies are analysed in the framework of a specie standard. Changes in markets and market conditions were crucial in the development of the policies in 19th century Sweden. Sweden went from a silver standard regime, based almost exclusively on rules, to a gold standard regime with more discretionary measures. However, the basic norms of full specie convertibility remained intact. The conclusion is that policy changes largely reflect an adjustment to new economic conditions.