World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Denmark Increases Krone Sales to Protect Peg
Keywords:
Denmark's central bank sells $16.3 billion in Kroner in January 2015 alone to protect the peg to the euro at 7.46 Kroner. The move is designed to avoid deflation and preserve export competitiveness. Similiar moves were made by the Swiss central bank till it sold Swiss francs for about 80% of GDP, finally abandoning a peg setup in 2011. Denmark has sold Kroner for about 30% of GDP in comparison to the Swiss. The Danish situation is different from the Swiss, say analysts, as the Danish Krona may be slightly overvalued and should be closer to 8 to the euro, as the Swedish Krona is about 9.4 to the dollar.
A.P. Moeller Maersk of Denmark and investment in E-ships to increase efficient shipping industry capacity 2011-2014
10/03/2014
Grouped Articles
New York Times 10/03/2014
Denmark Increases Krone Sales to Protect Peg
Wall Street Journal 02/04/2015
Baltic Dry Freight Index Plummets Amid Commodities Slump
Wall Street Journal 02/06/2015
Maersk CEO Predicts Big Squeeze for Small Container-Ship Operators
Wall Street Journal 06/06/2015
Maersk Line to Cut 4,000 Jobs as Market Deteriorates
Wall Street Journal 11/05/2015
How Maersk Is Coping With the Trade Slump
Wall Street Journal 01/20/2016
Denmark's economy 2009-2016
09/15/2011
Grouped Articles
Danes Rethink a Welfare State Ample to a Fault
New York Times 04/20/2013
Denmark Slashes Its Forecast for Growth
Wall Street Journal 05/27/2013
European Central Bank’s Stimulus Move Ripples Across Region
Wall Street Journal 01/24/2015
Denmark Increases Krone Sales to Protect Peg
Wall Street Journal 02/04/2015
Something Not Rotten in Denmark
New York Times 10/19/2015
Denmark to Be Led by Its First Female Premier as Leftists Win
New York Times 09/15/2011
Denmark's central bank, Nationalbanken, and currency interventions to protect the peg of 0.746 kroner in 2014-2015
01/24/2015
Denmark's central bank intervenes in foreign exchange markets and lowers interest rates to protect the Kroner exchange rate peg set for a band of 2.25% around 0.746 kroner.
Grouped Articles
European Central Bank’s Stimulus Move Ripples Across Region
Wall Street Journal 01/24/2015
Denmark Increases Krone Sales to Protect Peg
Wall Street Journal 02/04/2015
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us