A re-assessment of central banking during 1930s Swedish financial crisis
During the 1930s financial crisis, Central bank of Sweden (Riksbank) actively intervened the liquidity of banks and the market through a range of monetary operations. The monetary policies combined with the devaluation of currency, was regarded as a crucial factor that led to the quick and strong recovery of Sweden. By making use of the balance sheets of the whole banking system, this paper explor
