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Date: 2 weeks ago   Category: Politics

The Central Bank of Sweden behind a screen of the Nobel Prize


The Central Bank of Sweden behind a screen of the Nobel Prize
Write about the Central bank of Sweden (Bank of Sweden) and speak infrequently. Meanwhile this Central Bank very interesting institute. Swedes call his Sveriges riksbank. Many consider that it (but not the Bank of England created in 1694) is the first-ever Central Bank. Swedes designate date of his birth – 1668. So this year to the Swedish Central Bank 350 years are executed. The bank of Sweden wants to be the first among the Central Banks of the world also today. So, he the first has entered in 2009 a negative rate on the deposit accounts at the level minus 0,25%. The bank of Sweden wants to be the first and on such direction as elimination of cash circulation in the country. Already now only about 1% of all money turnover is the share of cash in Sweden. The bank of Sweden has become famous also for one more act: exactly half a century I have founded back an award which it is accepted to call the Nobel Prize on economy today. I will remind that Nobel Prizes have been founded in 1895 by the Swedish scientist, the inventor, the businessman and the philanthropist Alfred Nobel. Under the will the best half of the fortune of Nobel – about 31 million Swedish brands – had to go for establishment of awards for achievements in five spheres of human activity: to physics, chemistry, medicine, literature and for activities for consolidation of peace. No mention of economy in the will existed. In 1968 300-year anniversary of Bank of Sweden was performed. And heads of the Swedish Central Bank have decided to celebrate anniversary year establishment of a special international award in the field of economy (economic science) and to call by her name of the famous compatriot – Alfred Nobel. The special fund for delivery of such awards has been the same year created. Annually in October the Swedish royal academy of Sciences announces a name of the winner of an award, previously having chosen him from the candidacies presented by Committee of winning of the award on economy of memory of Alfred Nobel. Rewarding of the winner of an award happens together with winners in other branches in anniversary of death of Alfred Nobel on December 10. Each winner is handed a medal, the diploma and a reward (now it is equivalent to about 1 mln. dollars of the USA). In the world there are many national and international awards for achievements in the field of economy and economic science, but the award of Bank of Sweden is considered the most prestigious. The secret of prestigiousness is that it was disguised under really "Nobel" what was promoted the Central Bank of Sweden, the Swedish royal academy, world media. There was a forgery. Why to the Swedish Central Bank so doubtful project? There are several versions. One of them is that the team about establishment of the "Nobel" award on economy has been given to Bank of Sweden from owners of money (the main shareholders of the U.S. Federal Reserve). The task to advance money of economists necessary to owners – those which will create the "theories" promoting strengthening of the world power of owners of money has been assigned to the Central Bank of Sweden. These are "theories" of economic liberalism, it is directed

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