Danmarks Nationalbank Monetary Review

DENMARK - The Danmarks Nationalbank has released its quarterly Monetary Review, which includes a number of interesting articles written by the central bank's staff. Below is the contents.

CONTENTS

"Management of the Interest-Rate Risk on the Foreign-Exchange Reserve" by Peter Kjaer Jensen, Financial Markets

The foreign-exchange reserve is managed in order to keep the credit and liquidity risks at a minimum. Part of the reserve is placed in fixed-yield bonds in orderto gain a higher yield than in

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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