Word: krona
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Dates: during 1934-1934
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Last week most economists agreed that Sweden's managed currency had achieved two out of three objectives. It had prevented inflation and it had stabilized the krona's purchasing power inside Sweden. But it had failed to raise wholesale prices. As to whether it had materially helped Sweden's Depression, Swedish economists could not agree. Nor could they agree as to whether it was responsible for the excellent financial shape that had led to last week's bond redemption...