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EH.Net Encyclopedia: The Economic History of Norway (3772 words) |
 | Norway, with its population of 4.6 million on the northern flank of Europe, is today one of the most wealthy nations in the world, both measured as GDP per capita and in capital stock. |
| Norway adopted gold in January 1874, and due to the trade deficit, lack of gold and lack of capital, the country experienced a huge contraction in gold reserves and in the money stock. |
| Norway suspended gold redemption in August 1914, and due to inflationary monetary policy during the war and in the first couple of years afterward, demand was very high. |
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