|
Norges Bank Investment Management
Norges Bank / Noregs Bank is the central bank of Norway. The bank shall promote economic stability in Norway. Norges Bank also manages the Government Pension Fund of Norway and the bank’s own foreign exchange reserves. History The history of the central bank of Norway can be easily traced back to 1816, when, two years after the separation from Denmark and the union with Sweden, Norges Bank was established by Act of the Storting (the Norwegian parliament) on 14 June. The bank then decided that the monetary unit was to be the speciedaler (rixdollar), divided into 120 skillings or five ort ("rigsort") of 24 skillings each. The Money Act of 17 April 1875 discontinued the terms daler and skilling, and it was decided that the monetary unit should be a krone, divided into 100 øre. This was done to prepare for Norway's entry, on 16 October that year, into the Scandinavian Monetary Union. This union had been established between Denmark and Sweden in 1873 on the recommendation of a joi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Derivative (finance)
In finance, a derivative is a contract that ''derives'' its value from the performance of an underlying entity. This underlying entity can be an asset, index, or interest rate, and is often simply called the "underlying". Derivatives can be used for a number of purposes, including insuring against price movements ( hedging), increasing exposure to price movements for speculation, or getting access to otherwise hard-to-trade assets or markets. Some of the more common derivatives include forwards, futures, options, swaps, and variations of these such as synthetic collateralized debt obligations and credit default swaps. Most derivatives are traded over-the-counter (off-exchange) or on an exchange such as the Chicago Mercantile Exchange, while most insurance contracts have developed into a separate industry. In the United States, after the financial crisis of 2007–2009, there has been increased pressure to move derivatives to trade on exchanges. Derivatives are one of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Reserves Of Norway
Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal in a pure form. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions. Gold often occurs in free elemental ( native state), as nuggets or grains, in rocks, veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to most acids, though it does dissolve in aqua regia (a mixture of nitric acid and hydrochloric acid), forming a soluble tetrachloroaurate anion. Gold i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Norway
The economy of Norway is a highly developed mixed economy with state-ownership in strategic areas. Although sensitive to global business cycles, the economy of Norway has shown robust growth since the start of the industrial era. The country has a very high standard of living compared with other European countries, and a strongly integrated welfare system. Norway's modern manufacturing and welfare system rely on a financial reserve produced by exploitation of natural resources, particularly North Sea oil. History Pre-industrial revolution Norway was the poorest of the three Scandinavian kingdoms (Denmark and Sweden) during the Viking Age. Prior to the industrial revolution, Norway's economy was largely based on agriculture, timber, and fishing. Norwegians typically lived under conditions of considerable scarcity, though famine was rare. Except for certain fertile areas in Hedemarken and Østfold, crops were limited to hardy grains, such as oats, rye, and barley; and livesto ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Øystein Olsen (economist)
Øystein Olsen (born 8 January 1952) is a Norwegian public servant who served as Governor of the Central Bank of Norway from 2011 to 2022. Career Olsen is cand.oecon. from the University of Oslo in 1977 Olsen came to the Central Bank governor position from his previous rank as Managing Director of Statistics Norway (SSB). He took on this position from 1 January 2005, succeeding Svein Longva. The SSB position is a fixed term of six years. He has also previously worked in SSB as researcher, senior researcher, and head of the Oil and energy group from 1977 to 1990. After a year in ECON, Center for Economic Analysis, Olsen returned to the SSB as research director in the years 1991 to 1994. From 1996 to 1999 he was appointed as research director and head of the research department in the same place. From 1999 until he became director of the SSB, he was deputy secretary in the Economics Department of the Norwegian Ministry of Finance. From 1993 to 1998 Olsen was professor II at Norweg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Svein Gjedrem
Svein Ingvar Gjedrem (born 25 January 1950 in Finnøy) is a Norwegian economist and former Governor of the Central Bank of Norway. He graduated in political economy from the University of Oslo in 1975, worked as a consultant in the Central Bank of Norway from 1975 to 1979 and in the Ministry of Finance from 1979 to 1998. He served two terms as Central Bank Governor from 1 January 199In June 2011, Gjedrem got his position as permanent under-secretary of the Ministry of Finance back. He remained here until 2015. In the late 1960s and early 1970s Gjedrem played football (soccer), football for Viking and Lyn. Gjedrem’s successor as Governor of the Central Bank of Norway was Øystein Olsen who was appointed in October 2010 and took over on 1 January 2011. Gjedrem has accepted a part-time position at the Norwegian School of Economics and Business Administration Norwegian, Norwayan, or Norsk may refer to: *Something of, from, or related to Norway, a country in northwestern Eur ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kjell Storvik
Kjell Storvik (born 20 November 1930) is a Norwegian economist and former Governor of the Central Bank of Norway. He is a cand.oecon. by education. From 1977 to 1981 he was the vice president of the Norwegian Shipowners' Association. He was then State Secretary in the Ministry of Finance for four years. He was appointed Vice Governor of the Central Bank of Norway. When Governor Torstein Moland Torstein Moland (born 4 November 1945) is a Norwegian economist. From 1986 to 1989, during the second cabinet Brundtland, Moland was a state secretary in the Office of the Prime Minister. He was then CEO of Norske Skog from 1990 to 1993, and ... was forced to resign, Storvik became acting Governor, only to get the job on a permanent basis the next year. References 1930 births Living people Governors of the Central Bank of Norway Norwegian economists Norwegian state secretaries Conservative Party (Norway) politicians {{Norway-economist-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Torstein Moland
Torstein Moland (born 4 November 1945) is a Norwegian economist. From 1986 to 1989, during the second cabinet Brundtland, Moland was a state secretary in the Office of the Prime Minister. He was then CEO of Norske Skog from 1990 to 1993, and was appointed Governor of the Central Bank of Norway in 1994. He was pressured to resign already in 1995 following the Airbus scandal. Instead, he was hired in Telenor Telenor ASA ( or ) is a Norwegian majority state-owned multinational telecommunications company headquartered at Fornebu in Bærum, close to Oslo. It is one of the world's largest mobile telecommunications companies with operations worldwide, .... References 1945 births Living people Governors of the Central Bank of Norway Norske Skog people Norwegian economists Norwegian state secretaries Labour Party (Norway) politicians {{Norway-economist-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hermod Skånland
Hermod Skånland (15 June 1925 – 16 April 2011) was a Norwegian economist and civil servant, who served as the Governor of the Central Bank of Norway from 1985 to 1993. Biography Skånland was born in Tromsø as a son of school director Peder Skånland (1885–1958) and teacher Margit Maurstad (1893–1977). He finished his secondary education in 1944 and graduated with the cand.oecon. degree in 1951. He started working as a researcher in Statistics Norway, but already after one year he was hired in the Ministry of Finance as a consultant. This was not uncontroversial, as he was arguably the least experienced of the applicants. Already in 1953 he had a tenure as acting assistant secretary. He remained in the Ministry of Finance for several years, except for studies in the United States in the mid-1950s. He was promoted to assistant secretary in 1959, and in 1960 he was promoted to deputy under-secretary of state. This happened as another deputy under-secretary, Sigurd Lorentzen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Knut Getz Wold
Knut Getz Wold (3 August 1915 – 9 October 1987) was a Norwegian economist and civil servant, who served as the governor of the Central Bank of Norway from 1970 to 1985. He was born in Verdal in Nord-Trøndelag, as a son of district physician Trygve Wold (1879–1939) and Anna Ella Getz (1893–1960). He graduated from the University of Oslo with cand.oecon. degree in 1939. As a young man he became a member of the Norwegian Association for Women's Rights. He lost his brother Torolf during the Norwegian Campaign on 4 May 1940. He started working with research at the university, and studied further at Stockholm College in 1940. In 1941 he started working for the Ministry of Finance-in-exile in the United Kingdom. From July 1947 to March 1948 he served as a State Secretary in the Ministry of Social Affairs. Wold represented the Liberal Party, and Gerhardsen's Second Cabinet in which he was appointed was a Labour cabinet. This discrepancy is very uncommon in Norwegian history. I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Erik Brofoss
Erik Brofoss (21 June 1908 – 7 May 1979) was a Norwegian economist and politician for the Labour Party. Brofoss was born in Kongsberg. In his younger days he was an athlete who competed national level in the 100 metres. He represented Kongsberg IF, and won a silver medal at the Norwegian championships in 1928. His career best time in 100 m was 10.8 seconds, achieved in August 1931 in Kongsberg. He had 6.96 metres in the long jump, achieved in July 1928 at Bislett stadion. He became Minister of Finance in 1945 and stayed in this position until 1947. He then helped found the Ministry of Trade and Shipping and headed it from 1947 to 1954. He was later a director of the Executive Board of the International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ... from 1970 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gunnar Jahn
Gunnar Jahn (10 January 1883 – 31 January 1971) was a Norwegian jurist, economist, statistician, politician for the Liberal Party and resistance member. He held several important positions, such as Norwegian Minister of Finance and Customs from 1934 to 1935 and in 1945, chair of the Norwegian Nobel Committee from 1941 to 1966 and Governor of the Central Bank of Norway from 1946 to 1954. Life and work He was born in Trondheim, the son of director Christian Fredy Michael Jahn (1837–1914) and Elisabeth Wilhelmine Wexelsen (1853–1930). He was a grandson of Vilhelm Andreas Wexelsen, a grandnephew of Marie Wexelsen and a first cousin of Per Kvist. He finished his secondary education at Trondheim Cathedral School in 1902 graduated from the Royal Frederick University with the cand.jur. degree in 1907. He worked as a deputy judge in Lofoten before enrolling at the university again; he graduated in economics in 1909. He was hired in Statistics Norway in 1910. In April 1911 he marrie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.jpg "Click for more on -> Øystein Olsen (economist)")
