Denmark : Selected Background Issues

This Selected Background Issues paper analyzes the transformation of Denmark's current account during 1960–94. The paper highlights that in 1990, Denmark recorded its first current account surplus in almost thirty years. This ended three decades where the Danish economy was seemingly able to ignore the implications of intertemporal budget constraints by borrowing continually to finance successive current account deficits. This paper attempts to address some questions in explaining how this transformation of the external position was achieved.
Publication date: June 1995
ISBN: 9781451811018
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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

International - Economics , current account , current account deficit , foreign debt , unemployment rate , debt ratio

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