Credit regulations in Norway, 1970-2008
Report
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http://hdl.handle.net/11250/181011Utgivelsesdato
2010Metadata
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Sammendrag
ABSTRACT:
Norwegian credit markets were heavily transformed during the 1970s and 1980s. In
the early 70s credit policy aimed at "credit planning" by means of a comprehensive
set of regulations, while by the end of the 1980s quantitative regulations, interest
rate controls and foreign exchange controls had been fully removed.
This report aims at giving a detailed summary of the regulatory changes related to
Norwegian credit markets in the period 1970-2008. We have extracted the main
content from 4 different series of official documents (Ministry of Finance (1969a-
2007a, 1970b-2008b), Norges Bank (1970a-2008a) and Financial Supervisory
Authority of Norway (1986-2008)) and used this information to provide a unified
presentation of the development. All the regulatory instruments that were used in
the 1970s are described, and a detailed chronological description shows how and
when these were applied. We also look at how the regulations were subsequently
removed. Accompanying the description are 12 comprehensive tables in the
Appendix. These summarise all the central information from the description, and in
addition they contain some extra details. For instance, Table A.3 gives the level of
the primary reserve requirements at each point in time, just as Table A.7 does for
placement requirements, while Table A.6 contains details about all placement
requirements that have been in place.
Beskrivelse
When using material from this publication,
Statistics Norway shall be quoted as the source.