I wonder if anyone of you know how I can get information on the amount of “money” in circulation in my country (Sweden). I’m trying to figure out how similar our Riksbank is to the U.S. Federal Reserve. Ideally I want to get a picture of how, technically, Swedish interest rates are being controlled. I suspect that our Riksbank somehow creates money out of thin air and then lend it out to our banks.
I just don’t know where to start. Any ideas?
I think some of the information is here: http://www.riksbank.com/swedishstat/ or at least if one follows the right links there.
But I can’t seem to find info going back a few decennia and also I do not really understand the figures. Like what M1, M2 and M3 is and such.
This seems to answer the question:
From http://www.riksbank.se/templates/Page.aspx?id=26804 The page is in Swedish and there they report the money supply as a percentage of GDP for some reason. But the Excel-file is in both Swedish and English and has no GDP-percentaging.
Something seem to happen at the end of WWII?
Did Sweden get off the gold standard around that time?
It seems that Sweden abandoned the gold standard 1931. Maybe it took the government a while to start utilizing the power of paper?