How did Sweden go from a financially backward country to one with a well functioning financial system? Why did this financial revolution occur after the mid-nineteenth century and not before? This book discusses the role of politics and economics in this change and what it means for economic development, market integration and financial crises.

Notes on Contributors The Swedish Financial Revolution: An In-Depth Study; A.Ögren The Early Modern Financial System and the Informal Credit Market; K.Nyberg The Revolution of a Market for Household Savers, 1820-1910; K.Lilja The Growth and Characteristics of Bank Lending, 1860 1910; T.Petersson The Modernization of the Bank of Sweden, 1850 1880; A.Ögren The Evolution of Secondary Financial Markets, 1820-1920; H.Lindgren Financial Market Integration, 1830 1890; H.Lobell Incorporation and Financial Modernization; O.Broberg The Financial Revolution and the Insurance Industry; M.Lönnborg & M.Olsson The State and the Financial System - Regulation and Regime Change around 1900; M.Larsson Institutional Clash and Financial Fragility: Sweden's Financial Crises; H.Sjögren & S.Knutsen What We Can Learn from the Swedish Financial Revolution: An International Comparison; A.Ögren & R.Sylla Notes Bibliography Index

ANDERS ÖGREN is Assistant Professor at EHFF - The Institute for Research in Economic History, Stockholm School of Economics, Sweden, and Lecturer at Institute d'Études Politiques de Paris (SciencesPo), France. He is also Associated Researcher at both EconomiX, Université de Paris Ouest Nanterre La Défense, France, and UCBH - Uppsala Center for Business History, Uppsala University, Sweden. Ögren's main research fields are financial and monetary history, and history of economic thought on which he has published in edited collections and several international journals.