The global financial crisis has ushered in a major housing crisis in many European
countries. The paper seeks to shed light on why, despite massive housing crises, there are …

We examine the real effects of credit shocks using a series of structural vector
autoregressive models estimated on the basis on a new quarterly data set for Denmark …

We present findings on the secondary market liquidity of government and covered bonds in
Denmark before, during and after the 2008 financial crisis. The analysis focuses on …

This paper shows empirically that funding liquidity drives market liquidity. As it becomes
harder to secure term funding in the money markets, liquidity deteriorates in the Danish …

Abstract The Sovereign Debt Management Office of the Kingdom of Denmark decided in
2017 to pay direct compensation to certain financial intermediaries for providing liquidity in …

The past decade was one studded with radical economic and financial developments and
changes in the banking landscape, monetary policy, and the economic state in the …

This chapter presents a case study of how one of the most sophisticated housing finance
markets in the world, the Danish mortgage market, performed during the recent financial …

This article reviews the impact of commercial real estate (CRE hereafter) on macrofinancial
stability and discusses some ideas on how central banks could deal with the risk that it can …

This article reviews the impact of commercial real estate (CRE hereafter) on macro-financial
stability and gives some ideas, how central banks could deal with the risk. First, we present …

Denmark's nonbank financial institutions (NBFI) sector has substantially increased in size
since the Global Financial Crisis (GFC), becoming an important part of the financial system …