Other publications may include books, quarterly reviews, annual reports and economic bulletins from the ECB, PhD theses and Danmarks Nationalbank’s policies.

Monetary policy

The Foreign-Exchange Market for Danish Kroner

This article describes the institutional structure of the foreign-exchange market for Danish kroner. Global turnover is more than kr. 100 billion per banking day. The fixed-exchange-rate policy vis-à-vis the euro entails only small fluctuations in the exchange rate of the krone and thus narrower spreads between the large participants' bid and ask prices in the foreign-exchange market for Danish kroner than in other foreign-exchange markets.