Danmarks Nationalbank introduced its annual report on financial stability in Denmark in 2000. The purpose of the analyses is to identify risks currently faced by the financial sector. As the stability in the financial sector depends on the customers' financial circumstances, and as the majority...

This paper investigates the money demand in Denmark in the period 1980-2002 using quarterly data. Within the framework of a cointegrated vector autoregression model an empirical long-run money demand relation is identified and analysed. Nominal money demand is shown to be a function of domestic...

This paper offers a fact-oriented chronology of the Danish exchange-rate policy since the introduction of the krone as the Danish currency unit in 1875. -- Exchange-rate policy ; Danish krone exchange rates ; History of exchange rates ; Gold Standard ; Bretton Woods system ; European...

This paper constructs annual trade-weighted nominal and real effective exchange rate indices for Denmark covering the period since the introduction of the krone as the Danish currency unit in 1875. Two real effective krone rate indices with respectively wholesale prices and consumer prices used...

The paper reviews the empirical evidence regarding long-run relative purchasing-powerparity (PPP) convergence in the case of Denmark using simple unit-root tests and cointegration tests on new historical time-series indices for the effective krone rate since 1875. The results based on a real...

This paper presents an accounting-based model developed in Dan-marks Nationalbank to predict failure rates in the Danish corporate sector. The model serves as a tool in analysing the Danish corporate sector in relation to financial stability. The main purpose is to assess the banks' credit risk...

Ignoring items with large price changes may enhance the informational content of a price index. As an application of the metrically trimmed mean (Kim, 1992) we suggest to discard the individual price changes that deviate the most from the median. Focusing on outliers increases the efficiency...