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National Debt Office (Sweden)
The Swedish National Debt Office ( sv, Riksgäldskontoret or shortly ''Riksgälden'') was founded by Gustav III at the Riksdag of the Estates in 1789, through the Act of union and security. It is a Swedish Government agency. The first task of the Debt Office was to finance the ongoing War against Russia. The method of raising funds was to issue promissory notes called ''Riksgälds'' denominated in Riksdaler which was the Swedish currency at the time. The reason why the funds could not be raised through the Riksbank was that its notes had to be backed by silver (commodity money) to two thirds, whereas no such restrictions applied for the promissory notes (credit money) issued by the Debt office. This produced a heavy seigniorage-induced inflation, where the exchange rate for the promissory notes against silver was 1 to 4 in 1834. In 1989, after two hundred years as one of the few state agencies that reported directly to the Riksdag, the Debt office was reconstituted and is now rep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Riksgälden Skylt
The Swedish National Debt Office ( sv, Riksgäldskontoret or shortly ''Riksgälden'') was founded by Gustav III at the Riksdag of the Estates in 1789, through the Act of union and security. It is a Swedish Government agency. The first task of the Debt Office was to finance the ongoing War against Russia. The method of raising funds was to issue promissory notes called ''Riksgälds'' denominated in Riksdaler which was the Swedish currency at the time. The reason why the funds could not be raised through the Riksbank was that its notes had to be backed by silver (commodity money) to two thirds, whereas no such restrictions applied for the promissory notes (credit money) issued by the Debt office. This produced a heavy seigniorage-induced inflation, where the exchange rate for the promissory notes against silver was 1 to 4 in 1834. In 1989, after two hundred years as one of the few state agencies that reported directly to the Riksdag, the Debt office was reconstituted and is now rep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Deposit Insurance
Deposit insurance or deposit protection is a measure implemented in many countries to protect bank depositors, in full or in part, from losses caused by a bank's inability to pay its debts when due. Deposit insurance systems are one component of a financial system safety net that promotes financial stability. Overview Banks are allowed (and usually encouraged) to lend or invest most of the money deposited with them instead of safe-keeping the full amounts (see fractional-reserve banking). If many of a bank's borrowers fail to repay their loans when due, the bank's creditors, including its depositors, risk loss. Because they rely on customer deposits that can be withdrawn on little or no notice, banks in financial trouble are prone to bank runs, where depositors seek to withdraw funds quickly ahead of a possible bank insolvency. Because banking institution failures have the potential to trigger a broad spectrum of harmful events, including economic recessions, policy makers mainta ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Monetary Policy Of Sweden
The monetary policy of Sweden is decided by Sveriges Riksbank, the central bank of Sweden. The monetary policy is instrumental in determining how the Swedish currency is valued. History The main events in the monetary history of the '' Krona'' are: *Introduction of the Krona, based on the gold standard on 5 May 1873. (1 kg of gold = 2480 Kronor) *The tie to gold is abolished on 2 August 1914. *The tie to gold is ''de facto'' re-established in November 1922. *The tie to gold is ''de jure'' re-established on 1 April 1924 *The tie to gold is abolished once more on 27 September 1931. Floating exchange rate. *A tie to the British pound is introduced in June 1933. (1 GBP = 19.40 SEK) *Tied to the US dollar on 28 August 1939. (1 USD = 4.20 SEK) *A controlled appreciation of 14.3%, against all other currencies and gold on 13 July 1946. (1 USD = 3.60 SEK) *A controlled depreciation of 30.5% against the USD on 19 September 1949. (1 USD = 5.17 SEK) *Membership of the International Monet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Sweden
The economy of Sweden is a highly developed export-oriented economy, aided by timber, hydropower, and iron ore. These constitute the resource base of an economy oriented toward foreign trade. The main industries include motor vehicles, telecommunications, pharmaceuticals, industrial machines, precision equipment, chemical goods, home goods and appliances, forestry, iron, and steel. Traditionally, Sweden relied on a modern agricultural economy that employed over half the domestic workforce. Today Sweden further develops engineering, mine, steel, and pulp industries, which are competitive internationally, as evidenced by companies like Ericsson, ASEA/ABB, SKF, Alfa Laval, AGA, and Dyno Nobel. Sweden is a competitive open mixed economy. The vast majority of Swedish enterprises are privately owned and market-oriented. There is also a strong welfare state, with public-sector spending accounting up to three-fifths of GDP. In 2014, the percent of national wealth owned by the government w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Swedish Krona
The krona (; plural: ''kronor''; sign: kr; code: SEK) is the official currency of the Kingdom of Sweden. Both the ISO code "SEK" and currency sign "kr" are in common use; the former precedes or follows the value, the latter usually follows it but, especially in the past, it sometimes preceded the value. In English, the currency is sometimes referred to as the Swedish crown, as means "crown" in Swedish. The Swedish krona was the ninth-most traded currency in the world by value in April 2016. One krona is subdivided into 100 ''öre'' (singular; plural ''öre'' or ''ören'', where the former is always used after a cardinal number, hence "50 öre", but otherwise the latter is often preferred in contemporary speech). However, all öre coins were discontinued from 30 September 2010. Goods can still be priced in ''öre'', but all sums are rounded to the nearest krona when paying with cash. The word ''öre'' is ultimately derived from the Latin word for gold (''aurum''). History ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scandinavian Monetary Union
__NOTOC__ The Scandinavian Monetary Union was a monetary union formed by Denmark and Sweden on 5 May 1873, with Norway joining in 1875. It established a common currency unit, the Crown (currency), krone/krona, based on the gold standard. It was one of the few tangible results of the Scandinavism, Scandinavian political movement of the 19th century. The union ended during World War I. Overview The original Scandinavian currencies were based on the silver Reichsthaler, defined by the :de:Hamburger Bank, Hamburg Bank as 25.28 grams fine silver, which was equal to one Norwegian speciedaler or two Danish rigsdaler. Sweden's ''riksdaler specie'' was slightly heavier at 25.5 g and was equal to four Swedish riksdaler ''riksgalds''. The Scandinavian switch to the gold standard was triggered by Germany's adoption of the German gold mark in 1873 and of the consequent disturbance in the silver market. The monetary union established the gold krone (''krona'' in Swedish) replacing the legacy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hans Lindblad (economist)
Hans may refer to: __NOTOC__ People * Hans (name), a masculine given name * Hans Raj Hans, Indian singer and politician ** Navraj Hans, Indian singer, actor, entrepreneur, cricket player and performer, son of Hans Raj Hans ** Yuvraj Hans, Punjabi actor and singer, son of Hans Raj Hans * Hans clan, a tribal clan in Punjab, Pakistan Places * Hans, Marne, a commune in France * Hans Island, administrated by Greenland and Canada Arts and entertainment * ''Hans'' (film) a 2006 Italian film directed by Louis Nero * Hans (Frozen), the main antagonist of the 2013 Disney animated film ''Frozen'' * ''Hans'' (magazine), an Indian Hindi literary monthly * ''Hans'', a comic book drawn by Grzegorz Rosiński and later by Zbigniew Kasprzak Other uses * Clever Hans, the "wonder horse" * ''The Hans India'', an English language newspaper in India * HANS device, a racing car safety device *Hans, the ISO 15924 code for Simplified Chinese script See also *Han (other) *Hans im Glück, a Germa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bo Lundgren
Bo Axel Magnus Lundgren (born 11 July 1947) is a Swedish politician. He was the leader of the Moderate Party from 1999 to 2003.The parliamentary election in Sweden, 2002 Anders Widfeldt, ''Electoral Studies'' 22, #4 (December 2003), pp. 778–784. Lundgren served as Minister for Fiscal and Financial Affairs from 1991 to 1994 in the government of , with responsibility mainly for financial markets, taxation and housing. The country faced a severe financial crisis after the bursting of a speculation bubble which had developed in the 1980s. The Swedish government's management of the crisis attracted international attention, especially after the |
Thomas Franzén
Thomas may refer to: People * List of people with given name Thomas * Thomas (name) * Thomas (surname) * Saint Thomas (other) * Thomas Aquinas (1225–1274) Italian Dominican friar, philosopher, and Doctor of the Church * Thomas the Apostle * Thomas (bishop of the East Angles) (fl. 640s–650s), medieval Bishop of the East Angles * Thomas (Archdeacon of Barnstaple) (fl. 1203), Archdeacon of Barnstaple * Thomas, Count of Perche (1195–1217), Count of Perche * Thomas (bishop of Finland) (1248), first known Bishop of Finland * Thomas, Earl of Mar (1330–1377), 14th-century Earl, Aberdeen, Scotland Geography Places in the United States * Thomas, Illinois * Thomas, Indiana * Thomas, Oklahoma * Thomas, Oregon * Thomas, South Dakota * Thomas, Virginia * Thomas, Washington * Thomas, West Virginia * Thomas County (other) * Thomas Township (other) Elsewhere * Thomas Glacier (Greenland) Arts, entertainment, and media * ''Thomas'' (Burton novel) 1969 novel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Staffan Crona
Staffan is a Swedish form of Stephen, attested since 1330. It may refer to: *Staffan Anger (born 1943), Swedish politician of the Moderate Party *Staffan Appelros (born 1950), Swedish politician of the Moderate Party *Staffan Danielsson (born 1947), Swedish Centre Party politician, member of the Riksdag since 2004 *Staffan de Mistura (born 1947), long-serving Italian-Swedish diplomat *Staffan Götestam (born 1952), Swedish actor and director *Staffan Göthe (born 1944), Swedish playwright, actor, and director * Staffan Kihlbom (born 1962), Swedish actor, who appeared in the 2000 film ''The Beach'' *Staffan Kronwall (born 1983), professional ice hockey defenceman *Staffan Olsson (born 1964), retired Swedish handball player and Swedish national coach *Staffan Skott (born 1943), Swedish journalist, author and translator *Staffan Strand (born 1976), Swedish former high jumper * Staffan Tällberg (born 1970), Swedish former ski jumper *Staffan Tapper (born 1948), former footballer from S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lars Kalderén
Lars is a common male name in Scandinavian countries. Origin ''Lars'' means "from the city of Laurentum". Lars is derived from the Latin name Laurentius, which means "from Laurentum" or "crowned with laurel". A homonymous Etruscan name was borne by several Etruscan kings, and later used as a last name by the Roman Lartia family. The etymology of the Etruscan name is unknown. People *Lars (bishop), 13th-century Archbishop of Uppsala, Sweden *Lars Kristian Abrahamsen (1855–1921), Norwegian politician *Lars Ahlfors (1907–1996), Finnish Fields Medal recipient *Lars Amble (1939–2015), Swedish actor and director *Lars Herminius Aquilinus, ancient Roman consul *Lars Bak (born 1980), Danish road bicycle racer *Lars Bak (computer programmer) (born 1965), Danish computer programmer *Lars Bender (born 1989), German footballer *Lars Christensen (1884–1965), Norwegian shipowner, whaling magnate and philanthropist *Lars Magnus Ericsson (1846–1926), Swedish inventor * Lars Eriksson, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karl Georg Ringström
Karl may refer to: People * Karl (given name), including a list of people and characters with the name * Karl der Große, commonly known in English as Charlemagne * Karl Marx, German philosopher and political writer * Karl of Austria, last Austrian Emperor * Karl (footballer) (born 1993), Karl Cachoeira Della Vedova Júnior, Brazilian footballer In myth * Karl (mythology), in Norse mythology, a son of Rig and considered the progenitor of peasants (churl) * ''Karl'', giant in Icelandic myth, associated with Drangey island Vehicles * Opel Karl, a car * ST ''Karl'', Swedish tugboat requisitioned during the Second World War as ST ''Empire Henchman'' Other uses * Karl, Germany, municipality in Rhineland-Palatinate, Germany * ''Karl-Gerät'', AKA Mörser Karl, 600mm German mortar used in the Second World War * KARL project, an open source knowledge management system * Korean Amateur Radio League, a national non-profit organization for amateur radio enthusiasts in South Korea * KARL, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
