Stockholm Papers in Economic History,
Stockholm University, Department of Economic History

Abstract: This paper deals with foreign exchange rates in Sweden 1658-1803. Foreign currencies played a crucial role in Sweden. Most of the domestic currency units were, in fact, originally imported. In the 18th century, the exchange rates most quoted in Sweden were the ones on Amsterdam, Hamburg, London, Paris, Copenhagen, Gdansk and Swedish Pomerania. The primary data are bills of various durations. To estimate spot rates, an assumption must be made of an interest rate on these bills. In the period 1662-1669 the estimated median shadow interest rate on bills of exchange was as high as 12.5 percent, while it most likely decreased substantially in the 18th century.

Keywords: monetary history; foreign exchange; reichstaler; guilder; pound; taler; zloty; florin; Sweden

JEL-codes: E42; N13; N23

46 pages, May 26, 2009

Download statistics

• Stockholm University, Department of Economic History
• Ordering Working Papers
• Home page for this series

Questions (including download problems) about the papers in this series should be directed to Rodney Edvinsson ()
Report other problems with accessing this service to Sune Karlsson ().

RePEc:hhs:suekhi:0008This page generated on 2024-09-13 22:17:13.