Sweden
Sweden's Heikensten on euro entry reforms
In a speech on 'Euro entry before reforms or reforms before euro entry?' given on 21 November, Lars Heikensten of the Sveriges Riksbank said his advice would be to put your house in order first, and only after that enter ERM II and begin a quick process…
Sweden's Nyberg on financial stability issues
In a speech on 'Current financial stability issues' given on 25 November, Lars Nyberg of the Sveriges Riksbank said the Nordic central banks have a joint working group for discussing cross-border crises, and we have drawn up a memorandum of understanding…
Heikensten on Riksbank's financial stability work
In the speech 'The Riksbank's work on financial stability' given on 25 November Lars Heikensten of the Sveriges Riksbank said it is hopefully clear that the financial markets are changing rapidly and present a development that is exciting in many ways…
Heikensten: Developments follow Inflation Report
Sveriges Riksbank Governor Lars Heikensten gave a speech at the Swedish Bankers' Association's meeting on 13 November. He said that international developments have largely followed the Riksbank's forecast over the past month, confirming the picture of…
Riksbank makes statement on 'banknote discrepancy'
Sveriges Riksbank, the central bank of Sweden, released a statement on Friday 14 November regarding a discrepancy which had been discovered in a delivery of new banknotes from Crane AB to the Riksbank's subsidiary.
Post referendum, Swedish euro opposition rises
A poll published on Friday 14 November showed that opposition to the euro has increased in Sweden since the euro referendum in September came down against the single currency, reports EU Business. Support for the euro fell from 42 to 38 percent, the poll…
Backstrom moves to life-insurance role
Former governor of the Sveriges Riksbank, Urban Backstrom, has been appointed president and chief executive officer of Skandia Liv. Backstrom said he would work to restore policyholders confidence and takes a fixed salary of 3.3 million kronor in the…
Riksbank's Persson on the impact of the euro
In the speech 'The impact of the euro' given on 29 October Kristina Persson of the Sveriges Riksbank said China in the short term should retain its fixed exchange rate until such time as its financial system has undergone more substantial reform, which…
Riksbank's Persson on Sweden's economic conditions
In a speech on 'Economic conditions and welfare in Sweden and the Nordic countries' given on 23 October, Kristina Persson of the Sveriges Riksbank said enlargement of the EU and the establishment of a common labour market around the Baltic could perhaps…
Sveriges Riksbank Inflation Report, No.3, 2003
Sweden's central bank, the Sveriges Riksbank, has published its Third Inflation Report for 2003. All in all, the Riksbank's assessment is that there is a risk that international economic activity will lead to lower inflation than in the main scenario…
Riksbank's Nyberg on Sweden in Europe
In a speech on 'Sweden in Europe' given on 18 October, Lars Nyberg of the Sveriges Riksbank said that according to the agreement of the heads of state and government during the Lisbon summit, the reforms should, for instance, aim to increase employment…
Heikensten: Introduction to monetary policy
In the speech 'Introduction to monetary policy' given on 16 October Lars Heikensten of the Sveriges Riksbank said the Riksbank's assessment is now that continued stable growth in incomes, wealth and employment will contribute to smooth and relatively…
Sveriges Riksbank holds interest rates steady
The central bank of Sweden, the Sveriges Riksbank, held its repo rate unchanged at 2.75 per cent, 16 October. The risks in the inflation outlook are largely the same as before. However, the probability of lower inflation due to slacker international…
Engle, Granger win Nobel prize for economics
The Nobel prize for economics, established by Sweden's central bank in 1968, was awarded to Robert Engle and Clive Granger on Wednesday 8 October, according to Associated Press, for their work on time series modelling and co-integration, where time…
Heikensten on the Swedish economy, monetary policy
In a speech on 'The Swedish economy and monetary policy' given on 29 September Lars Heikensten of the Sveriges Riksbank said the outlook for economic activity and inflation has not changed much since August. For Sweden, it seems likely that the economy…
Persson: Swedish economy after the EMU referendum
Deputy Governor of the Sveriges Riksbank Kristina Persson gave a speech on 29 September at the Business Economists club in Sundsvall under the heading "The Swedish economy after the EMU referendum". She said in the longer term, her personal conviction is…
Bergstrom: Monetary policy stays in Riksbank hands
Deputy Governor of the Sveriges Riksbank Villy Bergstrom took part in a panel debate organised by Skanes provinsbank in Helsingborg on 23 September. Subjects under discussion included the role of the Riksbank following the referendum and current economic…
Riksbank issues new commemorative coins
The Sveriges Riksbank has issued a coin to commemorate the 30th anniversary of King Carl XVI Gustaf's accession to the throne, 24 September.
Riksbank's Nyberg-Sweden after the euro referendum
Deputy Governor of the Sveriges Riksbank Lars Nyberg spoke on 24 September at Swedbank Capital Markets Day about the Riksbank and the situation of the Swedish economy following the referendum.
Rosenberg-Price stability framework remains intact
Deputy Governor of the Sveriges Riksbank Irma Rosenberg gave a talk on 23 September at a conference organised by SNS Center for Business and Policy Studies and Affarsvarlden business magazine. Her talk touched on monetary policy and developments in the…
Sweden spurns the euro
Europe's unifiers have been profoundly shaken by Sweden's unambiguous decision to steer well clear of the euro for the time being. Both the Riksbank and the ECB have since publicly been at pains to clarify that the result of the referendum will have no…
Ill wind blows at Riksbank
On a rather breezier note, in August the Riksbank paid out over $100,000 in compensation to a disgruntled employee. 44-year-old computer technician Goran Andervass had fallen out with one of his colleagues after being "provoked by a disgusting fart - a…
Wim Duisenberg on Sweden's euro referendum
In a statement made September 14 ECB President Wim Duisenberg said he took note of the result but said the "outcome of the referendum will neither have an impact on the European Central Bank's policies and operation nor on the euro's position".
The Riksbank on the result of the euro referendum
Statement by the Sveriges Riksbank on the decision of Sweden to reject the introduction of the euro on September 14. "The result of the referendum means that the forecasts of inflation in Sweden 1-2 years ahead will continue to determine the way monetary…