Bericht

Pressure on the Danish krone in times of crisis

The Danish krone was under weakening pressure in March 2020, following the outbreak of covid-19. Contrary to earlier episodes of pressure, the pressure in March 2020 was not driven by speculation about the sustainability of the Danish fixed exchange rate policy or the euro. The pressure in March was driven by the domestic insurance and pension sector and the investment fund investors, who sold kroner in response to losses on their foreign exchange assets.

Language
Englisch

Bibliographic citation
Series: Economic Memo ; No. 11

Classification
Wirtschaft
Subject
Wechselkurs
Finanzkrise
Währung
Dänemark

Event
Geistige Schöpfung
(who)
Grønlund, Asger Munch
Risbjerg, Lars
Event
Veröffentlichung
(who)
Danmarks Nationalbank
(where)
Copenhagen
(when)
2020

Handle
Last update
10.03.2025, 11:41 AM CET

Data provider

This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Bericht

Associated

  • Grønlund, Asger Munch
  • Risbjerg, Lars
  • Danmarks Nationalbank

Time of origin

  • 2020

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