Riksbanken

Riksbanken

The central bank of Sweden. It issues the Swedish krona and sets basic interest rates for commercial banks dealing in it. Established in 1668, it is the oldest central bank still in existence.
References in periodicals archive ?
Svensson, the Princeton economist, a pioneer of inflation targeting and recently a member of the leadership of Riksbanken, the Swedish central bank.
15) These regulations required permission from Riksbanken to borrow money from abroad, and a decrease in credit grants followed.
Riksbanken determined the highest and lowest interest rates, as well as the specific interest rates for different purposes; as a result, residential mortgage loans were offered at lower interest rates than many other forms of credit.
19) Beginning in 1955, the so-called lending ceilings, which Riksbanken set concerning how much each actor could loan, also controlled credit amounts.
With the introduction of these regulations, negotiations started between Riksbanken and the insurance companies regarding the placement of funds.
Riksbanken abolished all restrictions regarding lending during the fall of 1985, which led to an expansion of credit from 1985 to 1990.
In September 1992, currency speculation occurred against the Swedish krona, and Riksbanken increased the repurchase rate (repo) to 500 percent to defend the fixed exchange rate.
Norges Bank covered its debt to Nationalbanken by using its receivables in Riksbanken.