Denmark: Selected Background Issues

June 7, 1995

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Format: Chicago

Denmark: Selected Background Issues, (USA: International Monetary Fund, 1995) accessed November 28, 2024

Summary

This Selected Background Issues paper analyzes the transformation of Denmark’s current account during 1960–94. The paper highlights that in 1990, Denmark recorded its first current account surplus in almost thirty years. This ended three decades where the Danish economy was seemingly able to ignore the implications of intertemporal budget constraints by borrowing continually to finance successive current account deficits. This paper attempts to address some questions in explaining how this transformation of the external position was achieved.

Subject: Balance of payments, Current account, Current account deficits, Exports, External debt, Inflation, International trade, Prices

Keywords: CR, Current account, Current account deficits, Denmark, Deutsche mark, Differentials vis-à-vis Germany, Exports, Food sector, GDP ratio, Global, Inflation, Interest rate differential, ISCR, Net foreign debt, Nominal interest rate, Unemployment rate

Publication Details

Pages:

59
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1995/041
Stock No:

1DNKEA0011995
ISBN:

9781451811018
ISSN:

1934-7685

Notes

This report on selected background issues in Denmark was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

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