This cross-country paper explains differences in external sector performance among four large euro area countries—France …, Germany, Italy, and Spain. The paper discusses that during 2001–04, the performance of the external sector differed markedly … among these four largest euro area countries. The study presented in this paper describes the evolution of the traditional …

Union is a major achievement but also a difficult process in the four countries (France, Germany, Italy, and Spain) …Fiscal deficits and the public debt has grown throughout much of the postwar period in most industrialized countries …

Terrorism (AML/CFT) for Denmark. It describes and analyzes AML/CFT measures in place in Denmark, and provides recommendations on … how certain aspects of the system could be strengthened. It also sets out Denmark’s levels of compliance with the … Financial Action Task Force Forty (FATF) 40+9 Recommendations. The assessment reveals that Denmark has a solid AML/CFT framework …

Denmark’s flexicurity model has performed well during the crisis. The actions and the improvement in economic … prices and net household wealth. Exports have rebounded, led by a reversal in the services account. Labor market policies …. Policies need to focus on putting growth on a steady and sustainable path while reducing vulnerabilities …

This technical note describes the stress testing exercises carried out for the Danish commercial banking system and the … insurance sector. The tests were conducted as part of the Financial Sector Assessment Program for Denmark and were developed in … collaboration with the Danish Financial Supervisory Agency (DFSA) and Danmarks Nationalbank (DNB). Two approaches—bottom-up and top …

This Selected Issues paper for Denmark shows that a demographic shift will have several impacts on the economy. The … have a dramatic effect on productivity and on overall production. Demark has imposed a restrictive policy requiring that …

The key findings of Denmark’s 2008 Article IV Consultation are examined. The global liquidity crisis put the financial … 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 …

The staff report for the 2004 Article IV Consultation on Denmark focuses on economic developments and policies. Labor …. Fiscal policy in Denmark is based on a medium-term strategy to accommodate the pressures from an aging population while … market reforms led to a sustained increase in structural employment, while careful fiscal policy in the context of a clear …

Systems for Denmark. The main counterparties for the assessment were Danmarks Nationalbank and the Danish Financial …

Denmark. Key recommendations arising from the assessment cover two main issues. First is the fact that the Danish Financial …