Denmark: Selected Issues
October 1, 1999
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This Selected Issues paper analyzes the current account performance of Denmark in 1993–98. The paper presents a brief review of structural features of the external current account. It looks at the decline in export market share and concludes that it reflects primarily cyclical factors and the unwinding of an unsustainable export market gain immediately after the German unification. The paper also examines implications for fiscal policy of Denmark’s decision to remain for the time being outside the European Monetary Union.
Subject: Balance of payments, Current account, Exports, External debt, Foreign currency debt, Inflation, International trade, National accounts, Prices, Return on investment
Keywords: Asia and Pacific, CR, Current account, debt, Eastern Europe, Europe, export, export performance, Exports, foreign currency, foreign debt, Global, Inflation, inflation variability, ISCR, output shock, Return on investment
Pages:
72
Volume:
1999
DOI:
Issue:
107
Series:
Country Report No. 1999/107
Stock No:
1DNKEA0021999
ISBN:
9781451811070
ISSN:
1934-7685
