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The first modern banknotes
07/02/2018 -Sweden gets its first banknotes with a modern appearance. They have a horizontal format, are printed on coloured paper and are adorned with figures and other embellishments. ...
Wave of devaluations starts
07/02/2018 -In Europe, governments try to set up new exchange rate agreements with each other. Sweden participates in these attempts but, under the pressure of deteriorated competitiveness, the krona is devalued repeatedly from 1976 on.
Per Åsbrink becomes Governor
07/02/2018 -When Per Åsbrink takes up his position, Sweden is conducting a low interest rate policy. This changes when he pushes through the ‘interest rate coup’ of 1957. Under Åsbrink, a jubilee foundation is set up in the bank's name, alongside the...
Bengt Dennis becomes Governor of the Riksbank
07/02/2018 -Under Bengt Dennis, the marginal rate is raised to 500 per cent for a couple of days in 1992. The fixed exchange rate is replaced by a floating one. Dennis also manages a financial and banking crisis and introduces the Riksbank’s inflation...
International commitments and increased regulation
07/02/2018 -Sweden joins the International Monetary Fund and World Bank. New regulations lead the Riksbank to govern the commercial banks with an iron fist.
The November Revolution
07/02/2018 -The internationalisation of the financial market leads increasing numbers of countries to soften up their financial market regulation in the 1970s and 1980s. Sweden resists long, but starts to dismantle regulation in 1985.
Bretton Woods goes to the grave
07/02/2018 -1973 is an eventful year. The post-war international currency cooperation Bretton Woods goes into the grave and Sweden joins the currency snake, the monetary cooperation of the European Community (EC).
Monetary policy subordinated
07/02/2018 -Compared with the First World War, the economic policy conducted in the Second World War is successful. The Government's policy was focused on keeping interest rates down. The Riksbank’s independence is restricted.
The Riksbank celebrates its 300th jubilee and the Prize in Economic Sciences in Memory of Alfred Nobel is established
07/02/2018 -The Riksbank celebrates its 300th anniversary and makes a donation to the Nobel Foundation. The donation is used for an annual prize in economic sciences in memory of Alfred Nobel. ...