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

Danish Families' Financial Robustness, Variable Rates and Deferred Amortisation - Part 1

The large gross debt of Danish households has attracted considerable negative attention internationally. The analysis of debt and debt structure at family level in this article shows that the threat to financial stability from this is limited. Most families have robust finances that are resilient to a strong increase in interest rates or a protracted period of unemployment, although this may, in many cases, entail considerable lifestyle changes. Deferred-amortisation loans give rise to special problems. It is not common to use deferred amortisation to otherwise increase savings. The article in Part 2 of this Monetary Review provides a more detailed analysis.