Danish krone rate has limited impact on current account – research

National Bank of Denmark
Rachael King

Changes in the exchange rate of the Danish krone have a limited impact on the economy’s large current account surplus, says research published by the National Bank of Denmark on January 16.

Denmark recorded a current account surplus of 7.7% of GDP in 2018, one of the largest in the world.

According to the research, the main driver behind this development is the behaviour of Danish households. “Since 2010, the surpluses have been extraordinarily large. This is primarily because households have

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: