Andersen, Thomas Barnebeck; Malchow-Møller, Nikolaj - Institut for Virksomhedsledelse og Økonomi, Syddansk … - 2015
The Global Financial Crisis (GFC) of 2008 hit Denmark particularly hard. In this paper we argue that a combination of innovation in mortgage finance and the need to defend a euro exchange rate peg was partly responsible. Sustained pressure against the Danish krone forced the central bank to...