We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Finanskrisen – årsager og konsekvenser.
- Authors
ØSTRUP, FINN
- Abstract
The Global Financial Crisis hit Denmark in 2008. Within a short span of time – from the fourth quarter of 2007 to the second quarter of 2009 – Danish gross domestic product fell by no less than 7.1 percent, the largest decline since World War II. It is first at the end of 2014 that the Danish economy surpasses the 2007 level of GDP. During the crisis, Danish financial institutions suffer large losses notably on lending to fixed property, especially commercial property. A large number of banks run into problems and many collapse. The Danish government intervenes, notably in the form of a guarantee on all liabilities in banks and through the injection of preference capital into banks and mortgage lenders. The crisis has important repercussions not only in the form of lost production but also in several other areas. In particular, the crisis causes a shift in Danish economic thinking with a greater emphasis on financial regulation and a renewed importance of discretionary fiscal policy.
- Subjects
DENMARK; GLOBAL Financial Crisis, 2008-2009; MORTGAGE banks; MORTGAGE loans; COMMERCIAL real estate; GROSS domestic product; COMMERCIAL loans; FISCAL policy
- Publication
Økonomi & Politik, 2022, Vol 95, Issue 2, p156
- ISSN
0030-1906
- Publication type
Article
- DOI
10.7146/okonomiogpolitik.v95i2.134212