|
Norges Bank
Norges Bank (, , ) is the central bank of Norway. It is responsible for managing the Government Pension Fund of Norway, which is the world's largest sovereign wealth fund, as well as the bank's own foreign exchange reserves. History The history of the central bank of Norway can be traced back to 1816, when, two years after the separation from Denmark and the union with Sweden, Norges Bank was established by an Act of the Storting (the Norwegian parliament) on 14 June. The bank then decided that the monetary unit was to be the speciedaler (rixdollar), divided into 120 skillings or five ort ("rigsort") of 24 skillings each. The Money Act of 17 April 1875 discontinued the terms daler and skilling, and it was decided that the monetary unit should be a krone, divided into 100 øre. This was done to prepare for Norway's entry, on 16 October that year, into the Scandinavian Monetary Union. This union had been established between Denmark and Sweden in 1873 on the recommendation of a jo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Ownership
State ownership, also called public ownership or government ownership, is the ownership of an Industry (economics), industry, asset, property, or Business, enterprise by the national government of a country or State (polity), state, or a public body representing a community, as opposed to an individual or Private property, private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from Public good, public goods and government services financed out of a Government budget, government's general budget. Public ownership can take place at the Central government, national, regional government, regional, local government, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, Collective ownership, collective/cooperative, and common ownership. In marke ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Karl Gether Bomhoff
Karl Gether Bomhoff (6 August 1842 –23 September 1925) was a Norwegian pharmacist, politician and governor of the Central Bank of Norway. Biography He was born in Larvik. He graduated as pharmacist in 1863 in Drammen and Trondheim, followed by a period as chemist in Dresden, Germany. He was managing director of Trondhjems mekaniske Værksted between 1875 and 1878. In 1883 was elected to the Trondheim city council. In 1884 was elected to the board of Norges Bank, which at this time had its head office in Trondheim. He served as the first governor of the Norges Bank from 1893 to 1920. He was elected representative to the Storting for the period 1895–1897, from the Liberal Party The Liberal Party is any of many political parties around the world. The meaning of ''liberal'' varies around the world, ranging from liberal conservatism on the right to social liberalism on the left. For example, while the political systems .... References 1842 births 1925 dea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Central Banks
This is a list of central banks. Central banks by alphabetical order This is a list of central banks. Countries that are only partially recognized internationally are marked with an asterisk (*). Major central banks by currency allocation percentage of worldwide foreign exchange reserves Source: World Currency Composition of Official Foreign Exchange Reserves, International Monetary Fund Former central banking jurisdictions * – Bank of Amsterdam (1609–1791) * – Taula de canvi de Barcelona (1401–1714) * – East African Currency Board (1919–1966) * – (''Hrvatska Državna Banka'', 1941–1945) * – National Bank of Czechoslovakia (1926–1939 and 1945–1950) and State Bank of Czechoslovakia (1950–1992) * – Frankfurter Bank (1854–1875) * – Bank of Saint George (1407–1805) * – Deutsche Notenbank (1948–1968) and Staatsbank der DDR (1968–1990) * – Hamburger Bank (1619–1875) * – Bank of Chōsen (1909–1950) * – Cent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Reserves Of Norway
The gold holdings of Norway ( Norwegian Bokmål: ''Norges gullbeholdning'', ''Norges gullreserver''), also known as Norway's gold reserves, were a formally defined entity related to Norges Bank's foreign-exchange reserves as well as the physical quantity of gold owned by the same central bank. During the eras of the gold standard, the national currency was in theory redeemable by a specific quantity of the state's gold holdings. Current status In 2004, Norway's gold holdings consisted of approximately 37 tonnes divided on 33.5 tonnes of bars and 3.5 tonnes of coins. In 2004, Norges Bank—the central bank issuing the Norwegian crown—excluded gold from its forex reserves and sold all bars, except seven, on the international gold market in London. Along with the seven gold bars, some gold coins were kept for museal purposes. Of approximately 415,000 coins, 393,000 (approx. 3.3 tonnes) are Norwegian 10-crown and 20-crown coins of the 19th and early 20th century, produced at the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Norway
The economy of Norway is a Developed country, highly developed mixed economy with state-ownership in strategic areas. Although sensitive to global business cycles, the economy of Norway has shown robust growth since the start of the Industrial Revolution, industrial era. The country has a very high standard of living compared with other European countries. Norway's modern manufacturing and welfare system rely on a financial reserve produced by exploitation of natural resources, particularly North Sea oil. Among OECD nations, Norway has a relatively efficient and strong Nordic model, social security system; social expenditure in 2022 was below the OECD average and stood at Welfare state#Effects, roughly 20.7% of GDP. History Pre–industrial revolution Norway was the poorest of the three Scandinavian kingdoms (the others being Denmark and Sweden) during the Viking Age. Prior to the industrial revolution, Norway's economy was largely based on agriculture, timber, and fishing ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Øystein Olsen (economist)
Øystein Olsen (born 8 January 1952) is a Norwegian public servant who served as Governor of the Central Bank of Norway from 2011 to 2022. Career Olsen is cand.oecon. from the University of Oslo in 1977 Olsen came to the Central Bank governor position from his previous rank as Managing Director of Statistics Norway (SSB). He took on this position from 1 January 2005, succeeding Svein Longva. The SSB position is a fixed term of six years. He has also previously worked in SSB as researcher, senior researcher, and head of the Oil and energy group from 1977 to 1990. After a year in ECON, Center for Economic Analysis, Olsen returned to the SSB as research director in the years 1991 to 1994. From 1996 to 1999 he was appointed as research director and head of the research department in the same place. From 1999 until he became director of the SSB, he was deputy secretary in the Economics Department of the Norwegian Ministry of Finance. From 1993 to 1998 Olsen was professor II at Nor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Svein Gjedrem
Svein Ingvar Gjedrem (born 25 January 1950 in Finnøy) is a Norwegian economist and former Governor of the Central Bank of Norway. He graduated in political economy from the University of Oslo in 1975, worked as a consultant in the Central Bank of Norway from 1975 to 1979 and in the Ministry of Finance from 1979 to 1998. He served two terms as Central Bank Governor from 1 January 199In June 2011, Gjedrem got his position as permanent under-secretary of the Ministry of Finance back. He remained here until 2015. In the late 1960s and early 1970s Gjedrem played football (soccer), football for Viking Vikings were seafaring people originally from Scandinavia (present-day Denmark, Norway, and Sweden), who from the late 8th to the late 11th centuries raided, pirated, traded, and settled throughout parts of Europe.Roesdahl, pp. 9� ... and Lyn. Gjedrem’s successor as Governor of the Central Bank of Norway was Øystein Olsen who was appointed in October 2010 and t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kjell Storvik
Kjell Storvik (born 20 November 1930) is a Norwegian economist and former Governor of the Central Bank of Norway. He is a cand.oecon. by education. From 1977 to 1981 he was the vice president of the Norwegian Shipowners' Association. He was then State Secretary in the Ministry of Finance A ministry of finance is a ministry or other government agency in charge of government finance, fiscal policy, and financial regulation. It is headed by a finance minister, an executive or cabinet position . A ministry of finance's portfoli ... for four years. He was appointed Vice Governor of the Central Bank of Norway. When Governor Torstein Moland was forced to resign, Storvik became acting Governor, only to get the job permanently the next year. References 1930 births Living people Governors of the Central Bank of Norway Norwegian economists Norwegian state secretaries Conservative Party (Norway) politicians {{Norway-economist-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Torstein Moland
Torstein Moland (born 4 November 1945) is a Norwegian economist. From 1986 to 1989, during the second cabinet Brundtland, Moland was a state secretary in the Office of the Prime Minister. He was then CEO of Norske Skog from 1990 to 1993, and was appointed Governor of the Central Bank of Norway in 1994. He was pressured to resign already in 1995 following the Airbus scandal. Instead, he was hired in Telenor Telenor ASA ( or ) is a Norwegian majority state-owned multinational telecommunications company headquartered at Fornebu in Bærum, close to Oslo. It is one of the world's largest mobile telecommunications companies with operations worldwi .... References 1945 births Living people Governors of the Central Bank of Norway Norske Skog people Norwegian economists Norwegian state secretaries Labour Party (Norway) politicians {{Norway-economist-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hermod Skånland
Hermod Skånland (15 June 1925 – 16 April 2011) was a Norway, Norwegian economist and civil servant, who served as the Norges Bank#List of Central Bank Governors, Governor of the Norges Bank, Central Bank of Norway from 1985 to 1993. Biography Skånland was born in Tromsø as a son of school director Peder Skånland (1885–1958) and teacher Margit Maurstad (1893–1977). He examen artium, finished his secondary education in 1944 and graduated with the cand.oecon. degree in 1951. He started working as a researcher in Statistics Norway, but already after one year he was hired in the Norwegian Ministry of Finance, Ministry of Finance as a consultant. This was not uncontroversial, as he was arguably the least experienced of the applicants. Already in 1953 he had a tenure as acting assistant secretary. He remained in the Ministry of Finance for several years, except for studies in the United States in the mid-1950s. He was promoted to assistant secretary in 1959, and in 1960 he was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Knut Getz Wold
Knut Getz Wold (3 August 1915 – 9 October 1987) was a Norwegian economist and civil servant, who served as the governor of the Central Bank of Norway from 1970 to 1985. He was born in Verdal Municipality in Nordre Trondheim county, as a son of district physician Trygve Wold (1879–1939) and Anna Ella Getz (1893–1960). He graduated from the University of Oslo with cand.oecon. degree in 1939. As a young man he became a member of the Norwegian Association for Women's Rights. He lost his brother Torolf during the Norwegian Campaign on 4 May 1940. He started working with research at the university, and studied further at Stockholm College in 1940. In 1941 he started working for the Ministry of Finance-in-exile in the United Kingdom. From July 1947 to March 1948 he served as a State Secretary in the Ministry of Social Affairs. Wold represented the Liberal Party, and Gerhardsen's Second Cabinet in which he was appointed was a Labour cabinet. In 1948 he returned to the civ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Erik Brofoss
Erik Brofoss (21 June 1908 – 7 May 1979) was a Norwegian economist and politician for the Labour Party. Brofoss was born in Kongsberg. In his younger days he was an athlete who competed national level in the 100 metres. He represented Kongsberg IF, and won a silver medal at the Norwegian championships in 1928. His career best time in 100 m was 10.8 seconds, achieved in August 1931 in Kongsberg. He had 6.96 metres in the long jump, achieved in July 1928 at Bislett stadion. He became Minister of Finance in 1945 and stayed in this position until 1947. He then helped found the Ministry of Trade and Shipping and headed it from 1947 to 1954. He was later a director of the Executive Board of the International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ... from 1970 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
