Abstract
Abstract Hugo E. Pipping's major work on the early history of the Bank of Finland and its development from being the sole bank in Finland to its assumption of the role of central bank with its own gold reserves is not merely the history of a bank. It describes fully the beginning of the Finnish banking system and analyses the unique monetary conditions of the country. In the process the Bank itself sometimes recedes into the background of the story, but this approach has yielded a rich harvest.
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