Losing autonomy
The Norwegian central bank during the Second World War
Bibliographic Data
| ID | 4353837 |
|---|---|
| Authors | Einar Lie (University of Oslo, corresponding author) |
| Year | 2019 |
| Volume | 72 |
| Issue | 4 |
| Pages | 1363-1383 |
| Publication date | 2019-11-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic History Review (JOURNAL) |
| Journal identifiers | ISSN: 0013-0117 • E-ISSN: 1468-0289 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/ehr.12816 |
| OpenAlex | W2904142841 |
| Language | EN |
| References cited | 16 |
In the mid-twentieth century a number of central banks around the western world lost their operational autonomy and were placed under government control. The origin of these policy changes can be traced to the intellectual and political developments of the interwar era in addition to the introduction of the Bretton Woods monetary system. The Norwegian central bank offers a particularly stark example of this phenomenon: experiencing a rapid decline from its high level of autonomy in the interwar years, to a clear subordination to the government after 1945. Through an analysis of the correspondence between the main policy makers in the exiled Norwegian government and central bank management, this article contributes to the understanding of central bank autonomy by tracing the decisive factors that led to the Norwegian central bank's loss of agency
Agency (philosophy) · Autonomy · Central government · Economic history · Economics · Economy · Government (linguistics) · Interwar period · Local government · Norwegian · Political economy · Political science · Politics · Social science · Sociology · Subordination (linguistics) · World War II · Global Financial Crisis and Policies · Law · Public Administration · State Capitalism and Financial Governance
International monetary cooperation since Bretton Woods
Postwar
A Small Nation in the Turmoil of the Second World War
A Norwegian fixation
‘Cooperation on a purely matter-of-fact basis’
Bridgebuilding and reconstruction
The Fascist Economy in Norway
Central Bank Cooperation at the Bank for International Settlements, 1930–1973
The Bank of England and Public Policy, 1941-1958
Prosperity and Upheaval
Where do economic policy objectives come from? The case of full employment
| Citation velocity | historical |
|---|---|
| Highly cited | No |