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Erik Lakomaa

Free Banking in Sweden 1830–1903: Experience and Debate

Quarterly Journal of Austrian Economics

Author: Erik Lakomaa

Online Publish Date: July 30, 2014

Volume 10, No. 2 (Summer 2007) Between 1830 and 1903, Sweden experienced one of the longest and most successful free-banking periods in history. During this period, private note issuing banks were allowed and prospered. This paper describes the rise and fall of the Swedish free banking system and shows that the system could be considered a true

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