Nyboe Andersen on Denmark's fixed-exchange-rate

In a speech to the Danish Bankers Association given on 3 December, Bodil Nyboe Andersen of the Danmarks NationalBank said in the years since the early 1980s, Denmark has experienced a number of currency crises, but the fixed-exchange-rate policy has remained intact. The most recent speculation against the Danish krone took place more than five years ago, and Denmark's fixed-exchange-rate policy today enjoys unique credibility in the market.

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