Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/209997 
Year of Publication: 
2011
Series/Report no.: 
Working Paper No. 2011/21
Publisher: 
Norges Bank, Oslo
Abstract: 
On the basis of data from the Historical Monetary Statistics-project by Norges Bank, the present paper serves a threefold purpose. In the first place it gives an overview of financial crisis in Norway from her independence from Denmark in 1814 till present times. Secondly, historical business cycles are mapped and we conclude that the major financial crises were mirrored in significant slumps in the real economy. Thirdly, the paper investigates credit and monetary developments, and concludes that the major financial crises in Norway typically took place after substantial money and credit expansion causing overheating and bubbles to the economy.
Subjects: 
business cycles
supply of money and credit
financial crisis
JEL: 
E32
E51
G01
N13
N14
Persistent Identifier of the first edition: 
ISBN: 
978-82-7553-643-1
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Working Paper
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