A Bankers’ Bank
This chapter details the Storting’s passing of a new law in 1892 which superseded all former laws pertaining to Norges Bank. As with the bank’s foundations of 1816, the 1892 act reflected its era and responded to the perceptions and needs of that period. The new law facilitated the transformation of the regionalized bank of issue into an institution more closely resembling central banks elsewhere. Discussions on the legal framework were thus held with varying intensity from the 1870s and onwards. Three conditions in particular influenced the process and the final character of the law. The first was the international context the law itself was a part of. The second condition was the integration and centralization process already underway in Norway. The third significant condition was the conflict between the government authorities that framed Norway’s entry into the Scandinavian Monetary Union.