Other publications may include books, quarterly reviews, annual reports and economic bulletins from the ECB, PhD theses and Danmarks Nationalbank’s policies.
A Tale of Two Danish Banking Crises - Part 1
This article compares the Danish economic crises in the years 1987-93 and 2008 and forward. There were significant differences in terms of economic fundamentals, export market growth and the fiscal policy stance up to the crisis. Prior overheating of the Danish economy and surging property prices occurred in both cases. During both crises many of the banks that were unable to continue as independent business enterprises had recorded strong lending growth, a large share of property-related exposures and relatively many large exposures.