Multiple paper monies in Sweden, 1789-1903: Substitution or complementarity?
In relation to other European economies, Sweden experienced both an early anda widespread circulation of officially sanctioned paper monies of various origins. In 1661, the short-lived Stockholm Banco started to issue copper notes which came to circulate above par value. A few years later, the Parliament opened its own bank, Rikets Ständers Bank, literally meaning the Parliament’s Bank, now known
