Recent Economic and Monetary Trends

Theme – Aspects of Globalisation
This Monetary Review includes three articles on various economic consequences of globalisation. The first article, "Globalisation, Labour Market and Inequality", discusses the impact of globalisation on remuneration of labour and on the degree of income inequality in society. The second article, "Globalisation and Danish Direct Investments", analyses the country and industry breakdown of Danish foreign direct investments (FDI), as well as employment effects in Denmark when Danish enterprises increase their activities abroad. The third article, "Foreign-Exchange Reserves and Sovereign Wealth Funds", illustrates how management of such Sovereign Wealth Funds (SWFs) differs from management of traditional foreign-exchange reserves in central banks.

• Globalisation, Labour Market and Inequality
  Erik Haller Pedersen, Economics

• Globalisation and Danish Direct Investments
  Maria Carlsen, Economics and Annett Melgaard Jensen, Statistics
  
  
• Foreign-Exchange Reserves and Sovereign Wealth Funds
  Søren Schrøder and Esben Humble Slotsbjerg, Financial Markets

Denmark's Wage Competitiveness
Erik Haller Pedersen and Johanne Dinesen Riishøj, Economics
Analyses of the development in competitiveness often focus on growth in labour costs per hour or per output unit in Denmark relative to abroad. If this measure is applied, Denmark's competitiveness has deteriorated over a number of years. Lower growth in productivity in Denmark has to a large extent been set off by relatively good sales prices for exports of Danish goods and services.

Denmark Migrates to TARGET2

Speech by Governor Nils Bernstein at the Annual Meeting of the Association of Danish Mortgage Banks, 24 April 2008

Press Releases

Tables and Graphs Section

Vol. XLVII, No. 2