Showing 1 - 10 of 63
This paper sets out by looking at the purchasing power parity theory applied on Denmark, using real effective exchange rate measures published by Danmarks Nationalbank. Following this, two commonly used methods of determining equilibrium exchange rates are examined. First, a model of...
Persistent link: https://www.econbiz.de/10003756773
This paper presents the first topological analysis of Danish money market flows. We analyze the structure of two networks with different types of transactions. The first network is the money market network, which is driven by banks' behaviour on the interbank market, the second is the network of...
Persistent link: https://www.econbiz.de/10003784932
Persistent link: https://www.econbiz.de/10002120439
This paper provides empirical evidence on the degree of price rigidity and price flexibility in Denmark. Our data relies on unpublished data from Statistics Denmark on the Danish CPI. The dataset covers the period 1997-2005 and contains around 2.7 million monthly price records. The paper reveals...
Persistent link: https://www.econbiz.de/10003333655
The paper presents a consumer price index for Denmark 1502-2007. For the post-1815 period the index is based on existing CPI figures whereas new data has been constructed for the pre-1815 period. For the earliest years 1502-1712 the new CPI covers only the price of corn, whereas the period...
Persistent link: https://www.econbiz.de/10003806135
Access to finance and the financing terms are important for firms' in-vestments and thus the business cycle developments. Danish non-financial corporations to a large extent finance their non-financial investments internally e.g. via retained earnings. During a business cycle expansion the...
Persistent link: https://www.econbiz.de/10003860066
The mobile phone can now be used as a payment instrument to purchase goods and services. Several factors have supported this use of mobile phones. Firstly, the mobile phone has a market penetration close to 100 per cent. Secondly, technological developments have enabled new payment services to...
Persistent link: https://www.econbiz.de/10003892730
Utilising a unique data set on monthly private cross-border portfolio gross and net flows to and from Denmark 1984-2004 the paper analyses the short-term relationship between capital flows related to portfolio investments and changes in the Danish nominal krone rate vis-à-vis the euro (D-mark...
Persistent link: https://www.econbiz.de/10003433540
This paper investigates the real-time effects of foreign exchange intervention using official intraday intervention data provided by the Danish central bank. Denmark is currently pursuing an active intervention policy under the provisions of the Exchange Rate Mechanism (ERM II) and intervenes on...
Persistent link: https://www.econbiz.de/10003437292
Late and significant revisions are often observed in direct investment equity income, hampering the quality of preliminary balance of payments statistics. We test a range of models and find that forecasts for direct investment equity income based on a combination of past profitability and...
Persistent link: https://www.econbiz.de/10003932193