Sweden's riksbank: Guardian of monetary integrity

Johannes Lindvall

doi:10.1007/978-3-030-51701-4_5

Sweden's riksbank: Guardian of monetary integrity

Johannes Lindvall

Department of Political Science

Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review

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.

Original language	English
Title of host publication	Guardians of Public Value
Subtitle of host publication	How Public Organisations Become and Remain Institutions
Editors	Arjen Boin, Lauren Fahy, Paul t'Hart
Publisher	Springer International Publishing
Chapter	5
Pages	111-134
Number of pages	24
ISBN (Electronic)	9783030517014
ISBN (Print)	9783030517007
DOIs	https://doi.org/10.1007/978-3-030-51701-4_5
Publication status	Published - 2020

Subject classification (UKÄ)

Economic History

Free keywords

Central banks
Economic crises
Money
Trust

Access to Document

10.1007/978-3-030-51701-4_5Licence: CC BY

Cite this

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KW - Money

KW - Trust

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ER -

Sweden's riksbank: Guardian of monetary integrity

Abstract

Subject classification (UKÄ)

Free keywords

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