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"Report and Accounts 1998"

Report and Accounts 1998

Contents

Image: Part of the cover of the printed version

Explanations

Charts
Tables in the text
Boxes
Appendix of tables

Report of theBoard of Governors

The Danish Economy

International Background
Economic Activity in Denmark
Balance of Payments
Denmark's External Debt
Credit Expansion
Wage and Price Trends
Economic Prospects

Monetary and Exchange-Rate Policy

Foreign-Exchange Policy after the Introduction of the Euro
The European Monetary System in1998
Interest Rates in Denmark
Capital Flows and the Foreign-Exchange Reserve
The Banks' Liquidity
The Monetary-Policy Instruments

International Capital Markets

Interest Rates
Foreign-Exchange Markets
Stock Markets

The Domestic Financial System

The Bond Market
The Effects of the Whitsun Package on the Capital Market
Measures in the Stock-Exchange Area
The Banks
The Mortgage-Credit Institutes
The Investment Associations
VB Finans and Himmerlandsbanken

Banknotes and Coins

The New Banknote Series
Counterfeiting of Banknotes and Coins
Banknotes and Coins in Circulation
Reorganisation of the Cash Supply System

Payment Systems

The Development in the Danish Payment Systems
Euro-Denominated Payment Systems in Denmark
Internationalisation of the Settlement Structure
The Framework for Payment Systems

International Monetary Cooperation

The Introduction of the Euro
ERM II
The European Central Bank
Convergence Criteria and the Stability and Growth Pact
Euro Banknotes and Coins
The International Monetary Fund

Organisation

Changes in Tasks
Year 2000 Project
The Nationalbank's Management
Administration
Representation in International Organisations
Danmarks Nationalbank's Anniversary Foundation of 1968
The Nationalbank's Guest Apartments at Nyhavn 18
The Erik Hoffmeyer Travel Foundation

Presentation of the Nationalbank's Accounts

The Nationalbank's Management of Financial Risks
Presentation of the Nationalbank's Accounts

Accounts

Accounts for the Year 1998

Appendix

Press Releases
The Independence of the Central Banks and their Integration in the European System of Central Banks
The Statutory Basis for the Financial Sector

Appendix of Tables

Text version of the publication in HTML (373 KB)
The publication in pdf-format. (601 KB)

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	Version 1.0 Maj 1999 Nationalbanken. Published by Danmarks Nationalbank Maj 1999, http://www.nationalbanken.dk