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A Peer-reviewed scientific articles/A1 Journal article (refereed), original research
      
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Did taxes, decrees or credibility drive money? Early nineteenth century Finland from a chartalist perspective, Scandinavian Economic History Review 1 (2 January) (2018). Kauko, Karlo


Category A Peer-reviewed scientific articles
Sub-category A1 Journal article (refereed), original research
auki Internal authors
All authors as text Kauko, Karlo 
Number of authors
Status Published
Year of publication 2018 
Date 15.01.2018 
Name of article Did taxes, decrees or credibility drive money? Early nineteenth century Finland from a chartalist perspective 
Name of journal Scandinavian Economic History Review
Volume of issue 66 
Number of issue 1 (2 January) 
Pages 73-90 
Abstract Chartalist theories assume the government determines the currency used by the public. Finland’s experience following the Russo-Swedish war in 1808–1809 would seem to contradict the chartalist view. Having become a Grand Duchy under Russia, the Finnish Government sought to replace Swedish riksdalers in circulation with roubles. However, due to a resilient trade surplus with Sweden and the resulting flood of Swedish money into Finland, bans on the riksdaler were largely ineffective. Taxation proved a particularly clumsy tool for leveraging the switch to roubles. Taxpayers almost forced the government to accept payments in a foreign currency. Even the government had to use Swedish money. Issuing roubles was of limited use. As a result, the rouble failed to establish itself as Finland’s main currency until the introduction of a silver standard in 1840–1842.
Free text descriptor in Finnish raha; Suomi; valuutat; taloushistoria 
Free text descriptor in English Chartalism, money, currency, Finland 
JEL-codes B59, E42, E58, N13, N23, N43 
ISSN / e-ISSN 0358-5522 
auki Internet addresses
Additional information Available online 21 September 2017