Denmark : 2008 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Denmark

Author/Editor:

International Monetary Fund

Publication Date:

December 29, 2008

Electronic Access:

Free Full Text (PDF file size is 945 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The key findings of Denmark’s 2008 Article IV Consultation are examined. The global liquidity crisis put the financial sector under severe stress, but most banks have weathered the crisis well owing to strong initial positions and supportive policies. The crisis accelerated a downturn that had begun in 2007 and tilted the balance of macroeconomic risk toward recession. The macroeconomic policy mix is appropriate, including higher interest rates to support the exchange rate peg and an expansionary budget to add a countercyclical thrust to the strong stabilizing effect of Denmark’s automatic stabilizers.

Series:

Country Report No. 08/379

Subject:

English

Publication Date:

December 29, 2008

ISBN/ISSN:

9781451811230/1934-7685

Stock No:

1DNKEA2008001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

42

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