Engelsk

Macro statistics on foreign direct investment (FDI) are blurred by offshore centers with enormous inward and outward investment positions. This paper uses several new data sources to estimate the global FDI network while disentangling real investment and phantom investment and allocating real investment to ultimate investor economies. We find that phantom investment into corporate shells with no substance and no real links to the local economy may account for almost 40 percent of global FDI.

Danmarks Nationalbank invites applications for visiting PhD student fellowships. Visiting fellows stay at the bank for the duration of 6 to 12 months to work towards the completion of their PhD dissertation.

Danmarks Nationalbank invites applications for resident PhD fellowships. Resident PhD fellows are enrolled in a PhD program and are a part of the Danmarks Nationalbank research unit, typically for the duration of their PhD studies.

The Danish insurance and pension sector (I&P) manage a significant share of the Danish wealth. I&P-corporations assets exceeds 200 per cent of the Danish GDP at the end of 3rd quarter of 2019, and the balance sheets are among the biggest in the world relative to the size of the Danish economy. These figures are available in Danmarks Nationalbank's newly published quarterly statistics on insurance and pension.

​In November 2019, the foreign-exchange reserve decreased by kr. 1.9 billion to kr. 440.7 billion.

Speech by Governor Lars Rohde at Investment and Pensions Europe conference, 3 December 2019.

Speech by governor Lars Rohde at the annual meeting of Finance Denmark 2 December 2019.

This analysis is a first step in Danmarks Nationalbank's efforts to understand how climate change may affect macroeconomic and financial stability. Climate change may pose risks to the financial sector and financial stability. Financial institutions should understand and incorporate these risks into their risk management, and financial regulation should reflect the actual risks. A sound financial sector can contribute to the transition to a green economy by ensuring continued allocation of capital.