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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...
Persistent link: https://www.econbiz.de/10002031143
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...
Persistent link: https://www.econbiz.de/10002031156
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...
Persistent link: https://www.econbiz.de/10002031160
The paper paints a broad picture of the interest-rate development in Denmark since 1875. Three different short-term interest-rate series (the official discount rate, private banks' average deposit rate, and the market rate of discount/money market rate) and two different long-term interest-rate...
Persistent link: https://www.econbiz.de/10002577699
The paper presents time series for Danish general government net lending in the period 1875-2003 and analyses the long-term term fiscal development in Denmark. Even though Denmark today has one of the largest public sectors in Europe, relatively speaking, the Danish general government's deficit...
Persistent link: https://www.econbiz.de/10003140237
Persistent link: https://www.econbiz.de/10003904916
Persistent link: https://www.econbiz.de/10003893361
Persistent link: https://www.econbiz.de/10009765149
The paper puts the outcome during the most recent financial crisis in a historical perspective by taking a closer look at the frequency of extreme events in the economic history of Denmark, in some cases based on time series back to the late 1600s. We focus on the frequency distribution of a...
Persistent link: https://www.econbiz.de/10010199517