Sweden's riksbank : Guardian of monetary integrity
Lindvall, Johannes LU
(2020)
p.111-134
- Abstract
The Riksbank, founded in 1668, is the world's oldest central bank. It has played a central role in Swedish economic policymaking for centuries and enjoys a great deal of confidence among the public. This chapter explains how the Riksbank became what it is today: an independent and widely respected institution. The bank's high status has emerged because Sweden's political elites regard the delegation of policymaking authority to the central bank as a way of managing and containing potentially harmful political conflicts. The bank's status also benefitted from its crisis management performance, navigating Sweden through two large-scale financial crises.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/6b88c488-86aa-4797-ba17-f24db902a72d
- author
- Lindvall, Johannes
LU
- organization
- publishing date
- 2020
- type
- Chapter in Book/Report/Conference proceeding
- publication status
- published
- subject
- keywords
- Central banks, Economic crises, Money, Trust
- host publication
- Guardians of Public Value : How Public Organisations Become and Remain Institutions - How Public Organisations Become and Remain Institutions
- editor
- Boin, Arjen ; Fahy, Lauren and t'Hart, Paul
- pages
- 24 pages
- publisher
- Springer International Publishing
- external identifiers
-
- scopus:85148481710
- ISBN
- 9783030517014
- 9783030517007
- DOI
- 10.1007/978-3-030-51701-4_5
- language
- English
- LU publication?
- yes
- id
- 6b88c488-86aa-4797-ba17-f24db902a72d
- date added to LUP
- 2021-03-15 07:14:00
- date last changed
- 2024-04-04 07:19:44
@inbook{6b88c488-86aa-4797-ba17-f24db902a72d,
abstract = {{<p>The Riksbank, founded in 1668, is the world's oldest central bank. It has played a central role in Swedish economic policymaking for centuries and enjoys a great deal of confidence among the public. This chapter explains how the Riksbank became what it is today: an independent and widely respected institution. The bank's high status has emerged because Sweden's political elites regard the delegation of policymaking authority to the central bank as a way of managing and containing potentially harmful political conflicts. The bank's status also benefitted from its crisis management performance, navigating Sweden through two large-scale financial crises.</p>}},
author = {{Lindvall, Johannes}},
booktitle = {{Guardians of Public Value : How Public Organisations Become and Remain Institutions}},
editor = {{Boin, Arjen and Fahy, Lauren and t'Hart, Paul}},
isbn = {{9783030517014}},
keywords = {{Central banks; Economic crises; Money; Trust}},
language = {{eng}},
pages = {{111--134}},
publisher = {{Springer International Publishing}},
title = {{Sweden's riksbank : Guardian of monetary integrity}},
url = {{http://dx.doi.org/10.1007/978-3-030-51701-4_5}},
doi = {{10.1007/978-3-030-51701-4_5}},
year = {{2020}},
}